my advice to Noront:
- you should split the company in two immediately, one for Nickle/PGM and one for Chromite.
- this to increase shareholder value, one entity with 11 years lifetime, a road connected and clear overview of potential buyers. The other, still needing a railroad, with a 100 year lifespan and a different list of potential buyers
- you need to stop publishing below par drilling results for copper and so on, this provided for unnecessary complexity and loss of attention for the important features. You have two worldclass deposits and FN want BB. For a potential suitor it is like a bit of a mess.
- you want to inform the market correctly that all stakeholders have agreed upon road and perks
- you need to ensure at all times that a low-ball offer will be taken off the table. The current value, after road announcement and agreement with stakeholders is nowhere near the discounted value of both deposits.
- you need to stop immediately with stories like Nickle first, then Chrome. It is up to the buyer of any of the two deposits to decide what when and where. For this reason, stop the selection of a smelter location, it is window dressing since Noront itself will not send any öre to any smelter. As acceptable to any buyer with a reasonable offer.
- making up stories like Shawn Ryan was here to look for gold needs to stop, with two worldclassdeposits in the pocket we as shareholders do not need an aircastle next to it. Shawn elected Labrador, which is a direct failure for the ROF., being surpassed. Unnecessary. It makes a desperate impression. Unneeded, just focus on your buyers list, enough is enough
- no more changes in the management, there have been too many
- one clear direction, the sale of both entities, aligned and committed
- get rid of the lame duck mentality, it costs us money and unwanted sorrow. Be a man and act like it. Justin did.
- never again, tell the market: hold on to your shares (like Wes did on two instances). It's deadly in this competitive market.
thx for all the good work. Please follow advice, if you feel changes are needed, pls substantiate.
