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: Bit of Caution

Bit of Caution

posted on May 26, 2009 07:33AM

As others have mentioned Noront seems to be 'in play' by pretty serious money and the share price jerked by other than normal market forces so somebody can do some accumulation.

All this proves to me is that Noront is still seriously undervalued and some deep pocketed individuals or institutions recognize this and continue to load up if they can pry shares out of retail hands.

While I'm the least likely person to believe 'conspiracy theories' the action that keeps coming into Noront certainly does wave a few flags. A new drill season has started for a number of ROF companies but remember NORONT never stopped. There has to be a huge amount of information yet to come from Noront and it's not unlikely a lot of it is designed to satisfy interested 'majors'.

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