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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Message: Media?

Media?

posted on Dec 10, 2009 01:24PM

I think the temporary shake-out is possibly media induced. Look at the heading Stock Watch gives the NR correction. “Noront Resources Retracts Blackbird Estimates.” This is misleading in my opinion and infers that the N1-43-101 was retracted and probably has spooked some retail investors.

The Globe says “Noront clarifies disclosure with respect to Blackbird Chromite Deposit.” This more accurately states the correction. Looked like a lot of institutions took advantage of that nice little plunge.

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