"Cliffs Natural Resources has already spent $250 million on exploration and other work, not including the cost of acquisition, said Kaszycki."
Ummm, wow.
And
"The deposit is on the same scale as "historic" mineral deposits in Sudbury, Kirkland Lake, Timmins and Red Lake, she said."
Umm, wow.
So, Cliffs has already spent more on EXPLORATION than the entire value (market cap) of Noront, their own exploration, claims, cash, 43-101??? In fact, almost double that value. Hasn't Cliffy just arrived at this soiree?
And you're also telling me I can buy the largest claim holder in an area comparable to Sudbury, Timmins, Kirkland Lake for less than $200M at todays prices.
And this information is direct from the lead government official in this district. That's officially an independent source on record.
I'm also officially an idiot. Its for either believing that this stock is severely undervalued in terms of NPV, or it's for not buying more stock.
At least it's getting more interesting.
