The so called 'experts' not only use the average price of the past five years while convincing Public Joe that it is worth no more than a dime.
There is a reason why they get the Expert label, they are good at fleecing the public.
They also have a great idea as to the world situation, economy and politics wise.
I am no expert but just like to dabble in world politics and how they affect the global economy, hence how affecting my portfolio.
And I have well known for years that the Americans are in deep debt, printing paper money like there is no tomorrow etc. so I have a fair understanding where US$ is heading relative to other currencies and the Real Money (PMs).
These experts while talking out of the side of their mouths, know the situation way better than I. Soooo my conclusion.
They know the value today and more significant the Potential value of Noront's resource. They are gamblers as any other. Just look at the American financial institution as to what gambles they took and mostly lost. Why would they not gamble on Noront, a much safer gamble. Hello?
It is them and it is not the day traders that are affecting this share price.
Noront should build the mine themselves with perhaps a help through a JV with a biggie.
It will be a nickel mine, question of when and with size of resource. Copper will help before any other metal.
Chromium will be seperate mine but an addition share price wise. Any way I look I see great potential and it boggles the mind and drives me to drink to calm the expectations. As if I needed an excuse - to drink my favourite wines that is.
Cheers.