Re: Slow a steedy....

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

rosehill

Rank: Vice President [?]

Points: 7542 [?]

Votes: 265 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Slow a steedy....

in response to

Re: Slow a steedy....

colombo10

posted on Sep 24, 2009 11:20AM

Noront tried to geographically expand its exploration activity in the area to look for new mineralization sites but this approach would have placed them in a bad position for necessary financing. With an upcoming need for financing the team at Noront decided it was best to go back and drill E1 so that the data and rumors would push the stock price to a reasonable level for financing. That's the way I see it.