Agoracom: Small Cap Investment - Noront Resources

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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diamondj

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Cash vs Stock...

posted on Oct 27, 2009 10:01AM

NOT's offer is based on a stock ratio swap as it stands now aroung 3.5:1. Assuming any offer from a major to mid-tier company would be a cash offer, this amount would be fixed in terms of what FWR has to accept. Whereas NOT's has a fluctuating value that to this point has yet to woo the FWR based on the current SP. Let's say Company A offered $1.00/share of FWR that's around a 60-70% premiuim. Or does FWR accept NOT it may look unappealing now but let's say NOT goes back to $2.80/share. It would not take much to shift this arguement one way or the other. With NOT working on the secound 43-101 estimate for a secound mineral, and having joined an international chromite group, I believe the legwork has been layed for this next piece of the puzzle.