Agoracom: Small Cap Investment - Noront Resources - Re: To all Noront Share Holders - is this for real?

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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luker

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Re: To all Noront Share Holders - is this for real? - LUKER

in response to

Re: To all Noront Share Holders - is this for real? - LUKER

NovemberRain

posted on Oct 07, 2009 10:24PM

NovemberRain you wrote: " Luker,

I do not agree with you. When you make an acquisition-merger - you must look at the big picture. NOT does not need FWR.-----FWR needs NOT.....In time everyone will understand. South Africa has the $$$. Noront has the goods. FNC will join Noront, Fancamp will join Noront. Cliffs will finance infrastructre investments...And then South Africa will swallow little small ROF companies....Cliff will manage the whole project...

NovemberRain"

The only problem that I have with your 8 FNC : 1 NOT ratio is that it would only make sense if NOT's SP rose to $4 at which point each FNC share would then be worth 50 cents, which is about where the SP of FNC currently sits. I suppose that if you qualify your ratio as relating to FNC's R.O.F. land position only, then your ratio might be valid. Perhaps you were assuming this when you profferred the 8:1 ratio. (ie. the transaction would not involve FNC's Magpie project, Quebec iron holdings, etc.).