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: Re: Can some one make me understand...how....

Spot, you are not taking into consideration float (outstanding shares).  SP means nothing with regards to "worth".  I'm not certain why people think this.

 

1. NOT 0.25 x 306 million S/O = $75 million market cap (this is the companies overall valuation, or "worth")

2. GDX 0.86 x 4.67 million S/O = $4 million market cap

3. BMK 0.175 x 54 million S/O = $9.4 million market cap

 

In reality your fear of stocks like GDX, BMK etc. being "worth" more than Noront are just that, fears....they aren't reality.

 

Is Noront only worth $75 million?  Yep, that's what the market says today........however next week, the week after, or next month it could say something entirely different.  We will see.  It seems logical to me that we're long overdue for a rally.  GLTA.

 

djje

 

 

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