Re: Majors involvement-donypee
in response to
by
posted on
Sep 28, 2008 01:34PM
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)
Unfortunately all we have right now are guesses as to when a 'Major' will seriously sit down to negotiate an entry into the 'ROF' playground.
Certainly the 'Market' doesnt' yet buy into their appearance soon or we'd be seeing a lot more interest.
While most Forum members are comfortable with the tremendous upside potential of Noront, and other players, the Market continues to yawn.
More and more I'm beginning to see the market for junior exploration companies to be comprised by and large of speculative buyers wanting a very fast payoff. This type of investor is not going to buy in unless share price direction is going the right way AND want volume of trading so they can buy/sell fast. Not looking to tie up their money for a month or a year even if potential is to double or triple their money.
Our 'institutional' investors such as Pinetree may have stuck with us or sold into the decline in share price. Have to wait for their quarterly reports to find out but they don't seem to be adding to their positions on the open market.
Not a lot we can do other than console ourselves with due dilligence that justifies confidence in Noront while we wait for the appearance of a 'Major' or one of those whopping big surprise drill results that seem to come fairly regularly. Rich Copper/Zinc and Platinum somewhere on Noront claims aren't unlikely so 'bring it on'.