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: At Mercy (lack of) the Market

At Mercy (lack of) the Market

posted on Mar 02, 2009 08:21AM

Today's further deterioration in the world stock markets sure has, once again, clobbered us a bit although on fairly low volume of trading. Likely the continuing poor commodity valuations having a good bit to do with it.

Honest don't know how long we'll have to suffer before a return to more optimistic market conditions. Even decent exploration results can't seem to fight against the tide.

A higher market price for Noront has to be in the interest of the Noront Board and yes for the institutional investors too. Being able to look at some value on one's books instead of steady erosion has to be worth Noront fighting for. Let's get real, a market capitalization of $123 Million for Noront's ROF holdings is pitiful and fraction of what it would be valued at in any reasonable market.

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