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: Time to sell

 "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. "

If indeed the SP should be above $4 and news hits when we are above $4, then one should assume that the SP is in for a hike, as all stocks are simply in recovery mode, not run-up mode.  A selloff, yes, but likely after it has appreciated considerably above the $4+ mark.   

 

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