Re: OT but Nickel Related
in response to
by
posted on
Feb 11, 2008 11:34AM
Discuss the various junior resource companies within the McFaulds Lake Area
"A number of people think Noront, at this time without any more news, is undervalued and just maybe they are wrong?"
Poly I don't have any tea reading ability, so I have no idea what absolute fair value for NOT is at this time. I will say this, some far brighter minds than mine just put up $26 million, at $4 a share for NOT, so I would have to assume, they think the stock is worth more than that or why would they invest at that level? When I see the group that just bought into the PP of NOT, I immediately assumed they thought NOT was at least 50% undervalued.
I am playing NOT with the assumption NOT has a value of at least $6. This is not to say it will trade there any time soon, just what I would put as fair value for goods in the ground. The group that just got involved with NOT, has a habit of playing to win. JMHO
Al