Re: News.
in response to
by
posted on
Feb 26, 2013 04:39PM
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)
Agreed Marlboro, but you'd be hard pressed to find any financing that isn't self serving in this market or any market to be honest. No one gets something for free, ya know? Our SP would have to be at least double its current value for them to be converted, but more likely close to $1. Sign of things to come??? There is no perfect way to raise funds but I can say this is about the best that I or anyone could have realistically hoped for. The fact that it was done in todays market and for a healthy amount of $ shows the confidence they have in Noront.
A very welcome surprise.
djje