Noront In The News
Wes Hanson's interview with OSIX World Business Broadcast
Jul. 18, 2011
Wes Hanson's interview with OSIX World Business Broadcast
Link:
http://www.osixmedia.com/
A very very excellent interview with Wes Hanson that was done in New York at World Business Broadcast.
Noront is one of the few companies in the world that has nickel copper in sulphide form.
Many companies reliant on the nickel laterite. Nickel-copper in sulphide form is the desirable form.
Wes mentioned Baosteel was interested in BOTH the chromite AND the nickel-copper minerals.
Focus in the next few months is to finalize the feasiblilty and demonstrate to the public the robustness of the deposits.
AT12- had potentially 100 million tonnes of .3-.5 nickel bulk tonnage.
Wes mentioned the current market cap of Noront is equal to the value of the chomite they currently have at Blackbird. The nickel -copper -platinum-palladium etc. is Free. The current 20 million dollars in the bank is also free.
We believe the Sudbury camp has extra smelting capability and we are currently looking at that.
Baosteel potential partner and end user.
Interviewer asked , "Why should investors consider a long term position in Noront?"
- Wes mentioned Noront is undervalued
Wes mentioned the current market cap of Noront is equal to the value of the chomite they currently have at Blackbird. The nickel -copper -platinum-palladium etc. is Free. The current 20 million dollars in the bank is also free.
As the company gets closer to production, the value will rise significantly, but, there will be milestones along the way....potential agreement for infrastructure between Noront-Industry and Gov't in near future..which will add significantly to the value