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: Re: Elephants with sunglasses....aitaka...
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May 28, 2009 03:52PM
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May 28, 2009 05:05PM

Other than the NOT BoD members, formerly of Aurelian, I see very little comparison between the two companies. The Ring Of Fire is red hot and has already become big news in many mining circles. Voted Junior Explorer of the Year in 2008. And it's in Canada, as opposed to Ecuador.

I might compare Windfall, on a much smaller scale, to Aurelian, in that, we didn't find any more Gold, yet. But the Ring of Fire is a different story. Not just Noront, but a number of companies are having high success rates of drilling. We may end up having the largest Chromite deposit in the world. It's a ways off yet, but possible.

No, I think this is way bigger than Aurelian. And for that reason, I do not believe that we will see the same end results as Aurelian, they will be better and for all shareholders, not just the greedy ones.

i own shares of noront too, although it's one of my smaller holdings and i rarely post here. but that is the strongest possible recommendation i can give a company, i.e. that i would invest in it even though patrick anderson is on the board of directors. for me to invest in a company that has ex-aru board members affiliated with it, the company must have a very compelling story. the only other exception i have made is mag silver, which is itself the target of a "take-under" offer, but at least they are fighting back instead of rolling over as aru did.

i agree that noront will do very well for its shareholders, which is why i own it, but i still apply a 50% valuation discount to account for the presence of hamilton and anderson. i expect that somewhere down the line management will issue tons of options to themselves, and dilute the stock for their own personal gain. since noront has the goods we will still do very well, just as i did with aurelian, but not nearly as well as if the company had been run honestly for the benefit of all of the shareholders, and not a privileged few. that's just my opinion, i'll get off my soapbox now.

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