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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Message: Noront cash-Strato
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Icon president PC`s strategy to create jobs and economic opportunities.
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Babjak1
Feb 07, 2014 04:54PM
Re: PC`s strategy to create jobs and economic opportunities.
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Stratopod
Feb 07, 2014 07:07PM
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Fossil
Feb 07, 2014 08:23PM

Hi Strato,

As per the financial statement available on Sedar..as of Oct. 31, 2013 ....under cash and cash equivalents...Noront shows $15,740,155.00

This was end of Oct...we`d definitely burned some more money since Oct.

Noront cannot pay 15 million for the bridge loan currently and leave themselves with nothing in the bank.

Either, some news comes out before Feb. 25 ..or this loan rolls over thereby giving RCF access to another roughly 15% of the Noront for 15 million bucks.

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Fossil
Feb 08, 2014 10:58AM
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djje
Feb 08, 2014 11:33AM
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Stratopod
Feb 08, 2014 04:14PM
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