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: Value is still here

Value is still here

posted on Jan 21, 2008 02:08PM

Your shares give you ownership of Noront Resources, the current market sell off hasn't changed that one tiny bit.

Certainly it puts heavy pressure on everyone and is of concern BUT it hasn't changed anything at all unless you've had enough and sell for whatever some SOB will give you.

R. Nemis would not sell Noront at this stage for it's rock bottom estimated value of somewhere around $3 to $3.50 a share, likely one of the big mining companies could shake out the small change to pay even more than that to gain control of DE 1 and sell of Windfall to get some money back.

If you have something worth $3.50 or more why would you sell it for $2.50? Hold back and wait for the right buyer and Noront has money in the bank so they can do just that. Further while they wait more value is added as more mineralization is found.

Forget about Blue Sky because the market evidently doesn't care and consider proven base valuation. You've seen the analyst reports and even the most pessimistic puts a value on Noront higher than the sell off prices you've seen today.

R. Nemis isn't about to quit working to benefit Noront nor are the other management team. This market has cost them far more than it has any of us. They'll work through it and so must we.

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Jan 21, 2008 02:56PM
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Jan 21, 2008 11:11PM
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