Agoracom: Small Cap Investment - Noront Resources - Re: Reply to khareema / New technology ends the tyranny of chromite

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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Reply to khareema / New technology ends the tyranny of chromite

Clavis

Mar 11, 2009 04:40PM

Sum4All

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Re: Reply to khareema / New technology ends the tyranny of chromite

in response to

Reply to khareema / New technology ends the tyranny of chromite

Clavis

posted on Mar 11, 2009 06:51PM

" I am concerned that if an 'offer' came for Noront now, the price is likely to be about 15% above the last 20 days average price, i.e. 0.80. I do not think that too many of you will be happy bunnies with that."

Not even the principals would profit from that. I doubt there is much worry in accepting such an offer. Doubtful it would even be passed by the governing bodies given the spotlight on this project. It's too big and though it may not be openly discussed, for strategic reasons, it is certainly well known what the minimum value could/should be. I don't think that our BOD would give much time to such an offer.