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: RCF Loan

Has anyone calculated how many interest shares Noront has had to give RCF to date for the $20 Million LOAN, for which the principal still needs to be paid back?

There is certainly some hidden force that continues to beat the stock price down; one which refuses to let the share price excell in light of many positive news coverages.

We keep hearing about progress....but none of that has done anything to move the stock price to a point where Noront would be able to do a financing to pay that $20 million back.  Instead, due to the constant very low stock price, they are put into a position where they continually need to extend the agreement under less and less favorable conditions.

Sure...there are issues that still need to be resolved with FN and the government.  But, from where I stand, there are many reasons why the stock should be closer the the 52 week high, rather then pushing to new lows.

Nickel is one of the hottest commodities so far this year.  Paladium, for which the eagles nest has about 3.5 g/t average is at all time highs.  This, along with the fact that this project appears to be moving forward on a N/S route. 

On that note, the FN that need to be on side for the N/S road are now committed.  So it looks like there will be a road.  They don't really need the E/W route as well; so if the FN along the E/W route don't want a road; there doesn't need to be an E/W road.  And as Stan Sudol pointed out; they don't appear to have any jurisdiction for the N/S route.

It's seems clear to me who is behind keeping the stock price down....and if that in fact is the case; it would also seem at the very least unethical, if not criminal.

In one of these pod casts with Alan Coutes....I would like the question asked....who does he think is behind the constant selling pressure?

 

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