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: Time to BUY
1
Jan 24, 2008 05:07AM
1
Jan 24, 2008 05:13AM
1
Jan 24, 2008 05:15AM
1
Jan 24, 2008 05:16AM

Share price still has legs and can run. In some ways I'd almost like to see steady increase to around $3.75 before news release. Why, because progress has been more than good on DE 1 and the market will recognize that and push us up nicely over $4, maybe $4.75.

 BUT if we run up fast to $4.75 tomorrow then we'll see a sell off on the news instead of deserved increase in price. Always seems to happen if news comes after a good run up.

Al on McFaulds Lake forum did another look at value per tonne of Noront including guess at Rhodium value. Even using a 10% in situ valuation it indicates a fair share price well over $4 and that's pretty conservative. 10% might be all the market will value Noront for but you can be certain that when a sale is made to a major that sale will be made at better than 20% of metal value per ton. 

1
HSS
Jan 24, 2008 05:31AM
1
Jan 24, 2008 05:35AM
1
Jan 24, 2008 05:45AM
1
Jan 24, 2008 05:51AM
1
Jan 24, 2008 06:04AM
Share
New Message
Please login to post a reply