Agoracom: Small Cap Investment - Noront Resources - Re: Rumour

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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Re: Rumour

snezzer

Sep 14, 2007 12:52PM

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Re: Rumour - Mining Junkie

posted on Sep 14, 2007 12:53PM

As for valuation, Inco took out DRF for $4.3B in 1996 with Ni at $2.75/lb. and Cu at $.70/lb. Ni today is north of $14/lb. and Cu is north of $3.25, representing a 4.5 times increase in Ni and a 4 times increase in Cu so multiply $4.3B times say, 4.25 and you get around $18.275 BILLION divided by 120M NOT shares (f.d.) = $15.22 per NOT share."

Dont' shortchange yourself...

$18.275 Billion divided by 120M NOT shares (f.d) is $152.291666 per NOT share.

M1.

2 Recommendations

Re: Rumour -- move that decimal point one to the right, MJ

franzneumann

Sep 14, 2007 12:54PM

Re: Rumour

franzneumann

Sep 14, 2007 12:56PM