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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Message: Word to the wise

Word to the wise

posted on Oct 23, 2007 04:37PM

It's likely all of us want to see NOT move up from $6 range, the higher the better obviously. We'll look at what information we have, try to get a handle on just what the inferred deposit would be worth to a big nickle produce and yes it's OK to say what number we come up with.

However be careful when an investment house without a lot more information than we have says 2 billion dollars. They are not disinterested parties here since, by comments made here in this forum, they hold perhaps as much as 9.9% of Noront shares.

Of course they are going to be trading those shares, they've not locked them up to wait for an eventual sell out to major. They'll have most if not all of their shares flipped by then. Sure they have to be careful what they say but we've all bought shares on there recommendation that eventually, well after their position was liquidated, tanked.

Just saying it doesn't hurt to take a lot of salt with advice or information no matter what the source.

I'd love what $16 a share which must equate closely to 2 billion dollars market valuation but was he talking about in the ground 2 billlion? That's a different story because then it doesn't make Noront worth 2 billion.

Hold on to your shares but figure on an exit strategy for yourself, maybe it's $8 or maybe it's $20 but make your own plan and not what somebody else thinks. You'll never get the highest price but believe me it's so easy to get the lowest.

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