HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Reason for Rally
5
Jan 07, 2009 09:53AM

You get 4 stars but not five from me. Yes part of reason seems to be return of interest to ROF and end of tax loss selling. Recovery from 'oversold' position contributed too.

I'm just not convinced those factors alone could have driven Noront up so fast and so high. Today we're giving up some of those gains on still high volume but perhaps less urgency driving the buyers today.

Market forces are sometimes hard to fathom and buyers follow other buyers when something looks hot with or without rumours.

News on assays and exploration by Noront is certainly past due and my hope is that pending news has something, perhaps tonnes and tonnes of something, to do with the move.



10
Jan 07, 2009 10:26AM
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Jan 07, 2009 10:33AM
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