You wrote exactly what I was planning on conveying to the forum. (NOT)
For all of you who have read QQ_Girl's luncheon posts, you owe her a big thank you as her uncanny ability to report the details has saved each of you the $50.00 price of admission. Nice work yet again QQ. Thank you!
Like many of you I am sure, I was a little disappointed that we did not have a halt today to coincide with today's meeting. I was hopeful of attending the meeting and hearing first hand some new developments from the powers that be. Although that did not come to fruition, it was a great day nonetheless.
Although I have been a Noront shareholder for quite some time, today was the first day that I have met other Noront shareholders (other than those introduced to Noront by myself) and Mr. Nemis himself.
It was my pleasure today to meet QQ_Girl, MGB, Snug, Babjak (also her significant other) and retirerich.
I also had the pleasure of speaking with Richard briefly. As donnypee eluded to in an earlier post, Richard's words to me were "hold tight";. (For the record, I don't think ;you were there donnypee but you certainly are connected)
Again, you have all read QQ's and Snug's reporting of the luncheon. I do not have much to add other than the following couple of points:
- Neil had conveyed with the recent takedown of the warrants, they have roughly $53MM in the bank.
- In order to define a zone as mineralized, Noront will be using a .5% cut-off (nickel/copper) ;I beleive that Neil was referring to the cut-off rate for the 43-101. I could be mistaken and if so, can somebody help me out.
- Noront would expect to see other massive sulphides at depth along a sill or dyke like structure.
- still working away on E2 - it is steeply dipping and they are chasing down to 250 metres depth thus far. With respect to the hit-to-miss ratio, I think it was specific to E2. If this is the case, do not be suprised to see some misses but they are now hitting more than not.
As many of you already know I am long NOT. Although today did not offer up any share price appreciation news, it certainly strengthened my resolve to "HOLD TIGHT".
Cheers,
Milsy1
