Agoracom: Small Cap Investment - Noront Resources - My view of the latest Genuity report

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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Francis Dube

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My view of the latest Genuity report

posted on Mar 06, 2008 06:51AM

They set a 12 month target that we hit in 2 weeks...Does not look good on them. There is no new news for them to raise their target and so must live by their words until the next NR. Since we are at or near their target, there is not much room for increased SP until the next NR. The problem is the next NR concerning DE will result in a halt and a serious step up in price. That is why the hold rating. They do not want you to miss that step up!!