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: NOT vs FWR
16
Jan 27, 2009 01:06PM

Re: NOT vs FWR

in response to by
posted on Jan 27, 2009 01:15PM

If you consider how far Noront fell compared to FWR you could make a very good case for Noront being the cheaper buy right now. There is a reason Noront is over $1 and FWR under 30 cents.

Neither are where they should be given their 'potential' but Noront did a smart early private placement and has one heck of a pile of cash for exploration compared to anyone else. This means Noront can still have drills spinning when others have to go back to the trough and raise more cash is very difficult market.

At the moment their is a lot of 'buzz' about likelyhood of good visual results from FWR coming soon and Noront's decision to chase Chromite sure helped FWR more than it helped Noront.

A lot depends if you're looking short term vs mid to long term. Noront has varied and very large claim base and almost an embarrassment of options open for exploration. Tough call anyway you look at it, go for what appears to be a faster buck or hang on for a bit longer and winter exploration results. Noront will put in a lot more holes than anyone else!

17
CMP
Jan 27, 2009 01:31PM
4
Jan 27, 2009 04:02PM
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