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: Some considerations of our position.

Re: Some considerations of our position.(sigh)

posted on May 07, 2009 06:21AM

While I too feel in time a lot more value will be assigned to Noront by the Market it's always good to get a feel for what some investors see as an exit point.

Now I'm certain that when Noront hits $2.30 it will be for a reason (deal or exploration results) and any investor right now who says 'I'd sell for 2.5 times current pricing' will most certainly reconsider at $2.30 based on the information we have 'at that time'.

There will have to be sellers as well as buyers to push our share price higher and keeping in mind how many fortunate investors will be in the money at the $1.50, $2.00 and $2.30 and could be motivated sellers does give us at least some idea of how much will have to be chewed through before even higher prices can be obtained.

Great news and receptive market can represent a challenge to us all if we have an exit point in mind. Remember when Noront was raging? Over three days the share price raged upwards so early sellers lost out big time.

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