Noront has cash for another 10 months, burn-rate 3-4 million /month

I forsee next year around March would be very crucial..

a/ we may need to do another placement by that time

b/ sell some % to major players

c/ sell some assets like windfall

for a/ our shares price has to be increase quite substantially if we like to do the pp pricing same as last time,which is 4.00/shares and warrant 5.00...

sell some % or assets to majors,again we need to present more information such as 43 101..in order to justify a higher price..

This coming few months are very crucial and the world market is not to our favour. RN for sure realised the situation.

All directors /employee / consultant option scheme are more than 3 .00 to be exercised..

most likely Noront will issue some cheap option to stimulate the morale..same as what SPQ did a few days back..

BH