OT but Nickel Related
posted on
Feb 11, 2008 09:21AM
Discuss the various junior resource companies within the McFaulds Lake Area
A poster on Noront used CRO as a comparison to Noront's DE 1 property. In some ways this is a scary comparision because Canadian Arrow Mines has half the shares outstanding and is a lot farther along than Noront in proving us a Nickel deposit worth mining. Their location is a lot better as well.
Why scary, well with 10 million tonnes inferred and drilling still expanding deposit there market cap is $15 million. Sure grades are lower but nice deposit. Anybody that thinks Noront hasn't got speculative value built into current share price better think a bit harder.