Re: Here's what I think about the NR---

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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Polylabel

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Re: Here's what I think about the NR---

in response to

Here's what I think about the NR---

happyappie6

posted on May 26, 2009 05:44AM

Considering the remaining cash position of Noront and the smaller number of shares outstanding PLUS the more defined deposits they have it's a bit hard to see FWR share price getting to where you suggest. While anything is possible it's not likely, imho.

IF FWR does get some great results it will also reflect over to Noront and frankly Noront's share price has been dragged down so low that I'd think they have a lot of rebound room.

My take is that FWR's share price of 33 cents, rationally should equate to a Noront share price of $1.20. The 'market' isn't always rational and that's got a lot to do with current share price.

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