Re: Why is it so hard to think that this will go to $100
in response to
by
posted on
Feb 10, 2008 05:07PM
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)
You clearly stated 'a very good chance to reach $100 and continued to say that means 30% value of an over 50 million ton rich ore body.
Comments about buying at $4 and 30 companies lining up doesn't mean much when applied to a discussion of your comment about $100 because the people buying at $4+ are not expecting to sell at $100. They think, on the whole, that there is a very good change Noront will find more and the share price will increase in value. For some that would be $7, $14 maybe even $20 but suggesting they should, at this time, expect $100 is outrageous.
There is, at this time, nothing found or released to indicate such a huge ore body. If you say a very good chance then there has to be evidence to back up such a comment. Of course if Noont finds 50 million tonnes grading similar to what the 5 to 7 million tonnes inferred (not proven yet) at DE 1 then maybe one can talk about very good chance of astronomical share values.
Making outrageous comments as to potential share price is in it's way just as bad as bashing and not doing anything to explain the very real value Noront has or it's prospects.
I find nothing at all wrong in saying if 50 million tonnes of ore is found then a certain share price might be obtained. It's saying there is a very good chance that annoys me. You'd take it very poorly if I said there was a very good chance that Noront could end up selling for $2.50 a share. That wouldn't be very likely or a 'very good chance' either but given certain circumstances could happen, unlikely, but yes there is a chance possibly just as much of a chance as hitting $100. Remember it happened just recently and the World Financial mess is far from cleaned up or over.