Agoracom: Small Cap Investment - Noront Resources - Re: Promotion

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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bravekind

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Re: Promotion - Rosedale

in response to

Promotion

Rosedale

posted on Sep 19, 2008 05:12AM

Roedale you say:

Could Noront management comment on the strategy of presenting our company as cash poor in a bear market ?

I think another way of viewing these statements is 'cash prudent' and not 'cash poor'. I read this portion of the report as meaning that we are holding back, not because we don't have the goods, but because we want to be sure and select our targets carefully and not burn through our 40 million before the financial outlook improves.

I do hate to hear about selling off windfall before we know what's there. She's my favorite girl! But I believe his intention was to calm any financial fears that we don't have options going forward for raising necessary cash.