Some Points to Look Back/Forward On
posted on
Jun 29, 2009 02:51AM
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)
happy;
JJ is of the HAM ilk and showed the calebre of some of our BoD. Seems JJ had some catching up to do after the poor showing when faced with trying Ad Lib on our most important Investment. Demonstrates complete lack of meaningful independence and ANY Level of REAL Understanding of the Actual Job being Payed to perform. This child (insincere in reality???) though challenged or what ever, if desiring to learn how to do the job being payed to try doing should set up residence along side a Office Desk such as that of JH and maybe learn via Osmosis how to do a DECENT and PROPER Job of the Job being payed to and poorly trying to do. I hope JJ is trying!???
Justduke'
"a definate struggle to control..." Reply = Yes! Yes! Yes! What is unknown (due to Specifics to the entire RoF PLAY and Generally with respect to Major Markets) is WHEN the "Big Moves" will occur. However, we All know the "Big Moves" WILL OCCUR! Will there be several Incremental significant Moves or One Massive Jolting relatively abrupt Move is YET just another Unknown. But many of us do expect fully to see "Big Moves" in Noront Resources in the relatively near Future. When and in what specific form is the Unknown. That is basically the situation.
Notster;
"Labs" - the Labs rightfully proclaim they are meeting, if not exceeding, their Stated Standards and Turn Around targets. Just call them, or better yet, send them your own sample and see the results - Time Line and Quality. Otherwise, ALL delays or DELAYS in Reporting Drill Core Assay Results ARE Purely due to Corporate Activity (or lack there of) AND it is this Corporate Activity (or Failure to ACT) that is the REAL STORY with respect to Noront Resources over the past 7-8 Months! The big Question(s) with Bigger Unknowns attached are related to "ARE OUR BoD ACCOMPLISHING WHAT WE NEED THEM TO ACCOMPLISH" during this rather ever lengthening time frame? Do they Even Know themselves???
sbjc;
"creating a panic" - I will keep on keeping control of myself. Controlled here! But I do and will Buy more and hopefully Much More. Just NEED as much time to do so as the Big Boys are willing to RISK giving me!
Corvette;
"it does take more time to do it right than wrong" - Wes, being a Good Cape Breton Boy, sure knows that. I will not even raise a doubt that he understands just that. Thus, my full confidence in our New CEO. WES, please do not prove me wrong.
Sudbury Novice;
"Cash Strapped" - That was the General Expectation 2 - 3 years ago with respecte to the Broader Markets and the Junior Explorers more Specifically. Thus, the Major Miners ALL Retained very large portions of their MASSIVE Profits back then, to ride oout the pending Banking/Sub Prime, etc. and be WELL Prepared to move in on the "Best of the Best" Late Cycle Explorers scooping up them all for a Song. Many of the Junior Explorers were well aware as well and many prepared. Noront did likewise but had the MisFORTUINE of hitting it BIGGER than even they could have ever hoped for so late in the Cycle. And since then the REST is as they say HISTORY.
Thus, We are Suffering the Fortuines of History.
Personally, I CAN take this Suffering for some good time to come!
On another note: Is there anyone out there that can give us some decent numbers/break down on Exploration/Drilling Costs these days? Some of the mentions late in the week seem to be on the High Side to my thinking and given the current Economic Situation All Over the Junior Exploration Industry these days?
Old Joe