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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Newager23

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PGMs Reduce Mining Costs

posted on Mar 10, 2010 01:32AM

According to my math, Noront now has more that $500,000,000 in PGMs, and perhaps double that if PGM prices keep rising. That makes this mine very profitable. The cost basis for getting the Nickel out of the ground is going to be low.

I still think it is a more risky investment than a gold or silver junior, but I'm staying in the game. Demand for Nickel is not a done deal. We still have to wait and see how the U.S. debt situation plays out.

If China and India can keep growing, then this stock should do very well over the next 24-36 months. I like our chances. I like those PGMs.