Prospects
posted on
Oct 15, 2007 05:05PM
My head is spinning after trying to wade through who has what targets on the propertys close to Noront or on similar geophysical structures. Share price for Noront is getting scary as it's based on hope rather than drilling and assays.
Probe still seems to be in the best possible position to come up with positive results but the cost is going to be heavy.
Either Probe does a private placement or goes the jv route to get some respect. Noront as a partner makes the most sense if they will part with the necessary cash and shares to do a deal.
I'd love to see a merger between the two companies with the President of Noront moving up to Chairman and President of Probe taking over. Given the respective ages of these guys it would benefit everyone. Noront locks up the property next door and everyone benefits.