Here is something I came across in my travels today. I’m not really certain whom they are referring to when they say “we” but their commentary is interesting. Have a great night all!

http://www.bullmarketrun.com/?s=noront

November 25, 2009

We’ve been extremely bullish on the Venture Exchange and commodities in general for several months now, and continue to be…we expect a rather dramatic move to the upside in the Venture Exchange during the first quarter of next year, so any weakness over the next few weeks will likely be the “last chance” entry point before a serious blast-off beginning right after Christmas…gold has hit another record high today but it’s clearly in overbought territory and a minor correction could soon set in…we are firmly in the camp however that believes gold is ultimately headed to $2,000 an ounce…we were buyers of Noront Resources (NOT, TSX-V) last week at $1.79, just as it began its run to nearly $2.50, and we will be buying more on any additional weakness in the days ahead…it has been trading between $2.03 and $2.16 today…any dip below $2.00 should be brief and supported by a rising 100-day moving average around $1.85…Noront continues to come out with outstanding results from McFauld’s, and we expect the Ring of Fire to really heat up early next year…if Freewest (FWR, TSX-V) can be taken over for $150 million, what will the take-out price ultimately be for Noront? As nickel prices firm up, and the Venture Exchange overall continues to head higher, we see no reason why Noront can’t hit new all-time highs next year which will mean $8 or better…Probe Mines (PRB, TSX-V) and MacDonald Mines (BMK, TSV-V)
are excellent Ring of Fire opportunities as well…

November 30, 2009

Noront Resources (NOT, TSX-V) has increased its share offer to 86 cents per share for Freewest Resources (FWR, TSX-V) this morning as they try to out-bid Cliff’s Natural Resources…we are very bullish on the Ring of Fire and investors with a little patience should consider putting Noront in their portfolios…fair value on Noront is much higher, we think, than just over $2.00 per share and a triple from current levels during 2010 seems very plausible…in addition, over the short-term, the best Freewest acquisition strategy for Noront is to get its share price considerably higher…also, don’t rule out the possibility of a hostile takeover attempt of Noront…we also like Probe Mines (PRB, TSX-V) and MacDonald Mines (BMK, TSX-V)…we caution, however, that Probe is technically overbought at current levels (48 cents in early trading this morning)…

December 01,2009

We were buyers of Noront Resources (NOT, TSX-V) again this morning…many investors, we believe, have failed to grasp the significance of what is developing right now with the competing takeover attempts of Freewest Resources (FWR, TSX-V) by Noront and mining major Cliff’s Natural Resources…we wouldn’t be surprised if another major grabs a percentage slice of Noront which would send Noront considerably higher…this is something that Noront may even be pursuing…much is at stake in the Ring of Fire at the moment and the coming weeks are going to be incredibly interesting…as the takeover price for Freewest increases, so does the underlying value of Noront…