Re: Noront Resources Provides Update On Exploration Activity and Recent Court Decisi
posted on
Feb 25, 2016 10:48AM
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)
Still nothing is for sure yet as the trading volume of the last days (~100k) is ridiculously low. Once we have a few couple Million shares traded per day I´d speak of true "Winds of change".
I have been with Noront since 2007 - and did not sell a single share when it hit 7 CAD (from ~.70) - dooh - big big mistake.
IMHO there is still a very high chance to fail and go bust.
Government money must be spent - else we are dead.
Also further dilution is coming.
Still I really like the new targets AT-5 and Blue Jay!