the road of four
posted on
Dec 01, 2010 04:23PM
excuse phone typing: doesn't allow line spaces.
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prior to fwr offer by NOT & CLF, there were 4 investors. One had a foot in the rumor mill while fwr was at .22c. the second tier discussions and phone calls indicated scenario urgency with chromite, which at the time did not outshine nickle. We all made money prior and were looking for the next opportunity. three of us loaded into freewest. One into Noront, because nickle was what the public understood. Now there are three of us investing at a new level, and the fourth remains hopeful with Wes.
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Now the rumorville of deals makes iron feel like chrome and FNC like FWR. fancamp at .50 feels like freewest at j .22 . I say this not to increase fnc sp by increase demand , but because at the time others who missed the fwr or prb multiples wished there were more persuasive posts to get them on board.
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disclaimer: the following is pure speculation and not based on insider info. All rumors may be considered speculation and not actual communication with CEO's or related individuals. In fact, just to be safe, lets just call everything satire.
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satire: right now there are "spculations"and in no way rumors from first or second tiered info, of Fermont offers that will begin bid wars. some pertain to Champion, indirectly boosting FNC, some rumors directly relating to FNC. I speculate immediate december sp increase finally reaching $1.00. I talked to one investor who finally is starting to understand the value of iron, similar to how it took forever for me to get chromite. again, only a clear offer NR will shift fnc up to $1.00 so this is purely a goodwill post.
Noront said they won't drill till january. does anyone know if assays will trickle in. It would be satiracally humerous if someone had a conversation with an individual close to the FWR/CLF deal who speculated that CLF will want to possess all the chromite in rof area, despite already plentiful ore supply. So during DEC inactitivity, Noront could get a boost from Cliffs. If there is in fact no activity to be had by Noront, and one doesn't mind sropping out of long term tax gains to short term, its possible that Noront retail could collectively sell NORONT AT $1, increase supply, and reenter at .80c increasing retails overall position -especially if one benefitted from nieghboring properties. -that one goes out to a specific investor in Cape-Cod.
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we all know Noront will triple it's e-nest ore without tripling it's SP. Cliff discussing more of it's infrastructure could boost Noront a little. A new Major entering ROF via PRB or FNC could spice things up a tittle.
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an example of this SP disconnect is CHM doubled it's ore resource but did little to FNC SP. I suspect the SP works in benchmarks instead of ore number-crunching. CHM needs to hit 1 bil tons iron. what number does Noront nickle need to hit. 100thou tons or another eagle as in AT-12. If there were a rumor of Harvey visiting Noront office, does anyone feel Harvey could offer some interpretations others couldn't. Noront doesn't need another "drill deeper" mantra. They need two things: a strategy of attack for AT-12 and C-1 feeder system and an image overhall. Unlike Mr. Smith, I think the SP needs a clear vision as well as great Ore. there are too many examples where the SP doesn't reflect the ore feasibility and I live in reality.
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even if Noront is a steal at 1.00, its a better steal if it's lower. and since Noront isn't offering anything to boost it into the multiple dollar range until feb, a decreased SP is everyone's gain -especially since we all know Noront will deliver multiples at some point next year.
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thanks for allowing my ramblings. I hope this didn't come across as a Noront bash, but a statgy to make cash and increase your Noront load.
-sg