Re: Stock holdings

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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JDR

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Re: Stock holdings

in response to

Stock holdings

djo

posted on Jul 24, 2012 11:02AM

Your ship analogy is correct as NOT shares have plumetted. That's probably why these funds got out, or it could be their selling that has caused the majority of the drop.

A lot of these funds are no longer holding long-term positions in anything until they see which way the world economy is going.

A 5 year wait to production is a long time for these guys considering NOT will not be putting emphasis on exploration.

Also they are no longer in a position of strength now with Bao and RCF on board.

I don't believe that they now anything as there would be really no secret here that would take away the value of Noront has in the ground.

I do think that Bao and RCF know something though. It's no secret, they just see the value of what we have.

Personally I would like to credentials of RCF and Bao over Rosseau and Sprott (even though they are good).

There are billions in the ground and it stinks that we have to wait around until the goverment decides to clear the waters.