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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: Re: Confirmation of Mine?

Re: Confirmation of Mine?

posted on Mar 15, 2008 12:26PM
Sure. As soon as a 43-101 is tabled and announced by Noront. Until that time, there will be no mine announcements. And rumour has it that they are holding off on that because they believe (and so do I ) that they are WAY undervalued at this point in time. I'd rather have NOT have a value of around $10.00 before they release 43-101 and have a major come in and buy them with premium that could be as low as 33% and as high as what the market will bear. Same thing with oil and gas properties, you need a 51-101 before any major will come in and buy you out (most of the time that is). So sit back and wait for that to be announced (not likely for months) and then take bets on which major buys out NOT and 'SOME', not all, area players.
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