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)

Free
Message: Share price lower

Share price lower

posted on Feb 02, 2010 10:44AM

I see in this that there are some who think that Noront will need to do a PP and financing soon for infrastructure. They want to start the lowering of the SP to get a better average and at the same time gather the cash to buy in at this lower price by selling some of what they do have into the market to accomplish this. With a low interest due to FN problems and discontinued drilling for Xamount of time this will be easy. Now the traders are taking advantage as well and so are the shorters. This will hit a level that will all of a sudden stop and reverse. This time I don't expect a return to the volitile norm but to the mine building virtical curve in SP. The news will be coming fast on agreements and permits, contracts awarded and amazingly the drill results will suddenly become better as the companies drilling will have finally understood where to drill to hit the excelent grades. Funny how that is how it usually works for past years and other mines too.

Share
New Message
Please login to post a reply