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: Fortunate

Fortunate

posted on Jul 08, 2008 12:00PM

We all are because Nemis arranged the large private placement AND managed to get options exercised. This cash in the bank sufficient to cover all of the accelerated exploration is being totally overlooked by the Market.

Once Noront market price went below $4 you had to make your choice to ride out the market or exit. Most of us stayed and now are patiently waiting for vindication.

Say what you like about 'Sprott' but the big boys gave Noront the kind of cash necessary to stay the course. Pity the guys without sufficient cash as they sure don't want to try to raise it in this market.

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