Re: Noront Resources appoints Chief Operating Officer

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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Canseco

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Re: Noront Resources appoints Chief Operating Officer

in response to

Re: Noront Resources appoints Chief Operating Officer

Sudbury Novice

posted on Oct 06, 2009 10:32PM

Hello, Sudbury Novice,

You wrote,

"This guy is taking quite a risk joining an exploration company that he must know will never see this through to completion. Perhaps he thinks a major will hire him after take over?"

The NR says he has had a 27 year career, so he is probably around 50.

He will likely receive, very shortly, half a million or more options @ around the current sp. The stock gets bought out at $10., or $20.....the guy is a multi millionaire.....who needs the major to hire him?