It's really quite simple to understand, but you have to have some vision. The risk for junior mining companies has exploded. Noront stock is no different from other junior minors, they are all getting slammed this year.

The US economy (and with it likely the rest of the world) is on the brink of a major collapse because of a credit liquidity crisis. When you add in $200+ oil, you have a very difficult situation for junior minors.

The cost of mining is exploding at the same time that raising money is becoming difficult. Both of these issues have the potential to expand risk dramatically. When you add in the risk that base metal prices could drop along with the economy, you have depressed stock prices.

Now, that said, I own a lot of juniors and am still buying them (although only silver and gold juniors). I'm probably stupid. I should be buying silver bars, and then sit back and wait for the silver to reach $100.

I love Noront as an investment. No matter how high the cost of mining goes, companies with the goods will prosper. If this stock does not reach $20, I will be surprised. That is the very bottom of my estimate. I’m hoping to sell at $30 and be upset for selling too soon.

Newager