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: Rumour of Noront doing financing is just that

Rumour of Noront doing financing is just that

posted on Jan 24, 2008 11:58AM

A rumour with little or no basis in fact. Of course Dick Nemis talks to potential future partners, he's hardly going to blow them off abruptly. Some of these guys no doubt are kicking the tires on a regular basis, like what's up and how's it going.

Noront will not, in my opinion, entertain anything other than jv's on some of their many claims in the Ring of Fire AT THIS TIME.  It would be folly to do anything until DE 1 is proved up and maybe even then to hold off until one or more other ore bodies found. 

Let's be reasonable, how can one put a price on DE 1 until a resource calculation even inferred is done? How can you value anything else until it's drill tested and assayed?

Sure crazy things happen but anyone making an offer now would want to steal it and Dick Nemis and his Board are going to go for that.

It's too far fetched for the Market to take any notice of.

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