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)

Free
Message: Re: Just had to buy another 2K..!!
3
Dec 31, 2007 06:44AM
8
Dec 31, 2007 06:51AM
2
Dec 31, 2007 07:03AM
6
Dec 31, 2007 07:59AM
1
Dec 31, 2007 08:15AM

I'm still kind of shaking my head that I was able to pickup 10,000 at $4.01 today. Took a good few hours to do but guess there were retail people out there who wanted out before the new year.

My guess is that a good number of forum members also took the opportunity to stock up in preparation of coming drill and assey results.

There is nothing earth shattering expected in short term as drills will not start turning again for a week or so there are assays pending and aerial survey results would be nice to see. However Noront share price held up during difficult time prior to Christmas under selling pressure from those who expected $6+ pricing to hold. There is no reason not to believe a sound bottom has been seen and the march upward not to continue.

January might, hopefully, bring a solid recovery on moderate volume of trading until new batch of drill results start coming in February. February and March should see new highs and even some reports from Windfall to sweeten the pot.

Can't see any major company begging to sit at the table until Spring and a more complete picture of what DE holds in tonnage and grade.

Also can't see long players willing to part with many shares until price well above $5 so selling pressure should ease. Sprott still holds over 10% of Noront shares and Pinetree has a pile and neither in my opinion will let these go anywhere under $6. Kind of wish we knew the target they have in mind, probably not under $10 as they want a huge return when they put out the kind of money they have on a junior play.

2
Jan 01, 2008 05:22PM
1
Jan 02, 2008 04:26AM
2
Jan 02, 2008 05:19AM
Share
New Message
Please login to post a reply