I found it on SH. Much better than the previous FP articles released
NP says Noront in a sweet spot for money
2007-11-05 05:40 ET - In the News
The National Post reports in its Saturday, Nov. 3, edition that Noront Resources unveiled a potentially huge nickel-copper discovery in the James Bay Lowlands on Sept. 10. The Post's Peter Koven writes that until recently Noront's chief executive officer, Richard Nemis, was an unknown. Now he is welcomed as a conquering hero by investors. Tiny companies such as Noront are getting all the money they want from major mining companies as they scour the earth for ways to spend their excess dollars. The question now is, will investors see any of it? To call the James Bay discovery "early stage" would be a gross understatement. Noront has only produced drilling results from 17 holes to date. However, that has not prevented the majors from taking a serious interest. Those visiting Mr. Nemis's office read like a who's who of mining, BHP Billiton PLC, Rio Tinto PLC, Xstrata PLC, CVRD Inco, even stock promoter Robert Friedland. Big miners have cash to spend. Assuming everything goes as Mr. Nemis plans, it is only a matter of time before a pile of excess cash from senior miners heads his way. "I could probably do our next financing at $10 a share," he says. The last one was at 60 cents