Newager, a few things from your post i may be able to cheer you up with.
"Back in 2007, I was confident that Noront would find at least 20 milion tons of Nickel and the stock price would rise to a least $20."
well ya, you me and everyone else back then, but You know what, we just may be on track to do exactly that with Eagle One-level 2 and if this deposit proves to be laid out like Mungal thinks,...level 3, level 4, level 5 etc. etc.etc. , and just imagine if each "pod" if you like, gets larger with depth??? My thought is that eventually Mungal and Harvey are going to nail this Eagle and pluck its tail feathers. 20 million tons may quite literally be the tip of the the nickelburg.
Then I thought the Windfall ramp would lead to a mine.
Didn't happen. I'm even right now and should be smart and sell my stock and put it in Hecla Silver or some other precious metals producer. However, I'll probably hold it, even though I'm not as confident as many of you on this board.
(It still will lead to a mine. 52oz/ton just does not dissappear(unless your Chris Angel) We were permitted for 25,000 tons of sample , plus we've earnin rights for 60% with Freewests and Murgors close proximity property....hmm. I think we used up every ton of that permit. IMO , Patience required here.)
(you said back then - The upside for Noront is better now than it has ever been
Allow me to bring this forward in time as the Reality is this statement speaks much more for NORONTs position today than it did back then.)
The only thing that gives me hope for this stock is that most people believe that this economic downturn will eventually end. It has to, right? Someone will likely want to build a chromite mine if enough ore is found at McFaulds Lake. Even if that happens, the upside on this stock has fallen.
We've been riding this horse for 16 months since the Eagle 1 discovery and we still don't have a mine.
Again, i urge patience. and......
( Technically speaking we do and i am willing to wait for it, we may have multible mines , we are currently adding to the position of EAGLE ONE, if you have'nt already done so, please go to the Noront website and go to the latest updated 43-101 which clearly lays out the mining processes over time for the extraction of resources from Eagle One. We are Building tonnage while learning the geology , thats the program. thats the game at hand. I'll just bet that Mungall's like a kid in a candy shop, happier that hell with the geology game afoot.
Cheer up and have a Merry Xmas.
Notster