Re: Glorieux-Your input on today's release please!
in response to
by
posted on
Jul 30, 2009 01:25AM
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)
I have been in holiday mode since 5 o'clock this afternoon as we have some dear friends of ours down for a five day weekend starting tonite...Been having some wine...pondering what our (Noront) future holds now that I am the only one still awake, again!!
The NR today is neutral as others have mentionned...unless you are a major looking at the potential of this company's assets and how you may benefit from the pletora of minerals.
I have been debating about taking some money off the table like some of you have I am sure. What other stock do you know that is up over 200% in 2 weeks where taking profits seems like the wrong thing to do? Taking profit is always good right?
I am going to go back to the expression "Black Swan" It is something so rare that people fail to recognize it. This is what Noront has always been and only a few dozens of us have really believed this all along. We are still here because we believe. We believe that there will be a major mining camp in Northern Ontario. We believe that this stock will provide returns that most of us will never see again in our lifetime.
That belief cost us dearly in 2007-2008!! But this is a different time. Instead of having everything falling off a cliff, we have a slow, painful climb back to normal markets. But we are climbing back up and that is critical for us to get our proper valuation.
We are now sitting at a MC of 320M dollars. Does anyone here think that hole 49 will turn out to be a dude? Does anyone here believe that these huge volumes are here only because of rumors and trading programs? Does anyone here see us getting bought out for anything less than $10.00?
I believe we are on the cusp of what all of us have believed for so long but we have been beaten down so hard over the last year that we may fail to recognize what is truly happening and take money off the table way too early.
I announced that I was going all in again when the SP was at 0.60 and I am still all in! I have followed this story as good as anyone and have talked to as many people as I can to get a grasp of what we have and assess risk/reward. With all I know, if I had no shares in Noront, I would be going all in at $2 and would feel very comfortable with that. This is me though, I am a gambler, always have been, always will be. The difference now with being a little older is that I like to stack the deck in my favor instead of the casino's-and DD permits me to do that.
From all the information I have about the current situation of Noront, there is no way I would take one penny off the table right now. This is a life changing stock and those that are here today and believe will be rewarded greatly. The bashers will call this a pump and it is a line that has been way overused but I need to say it: "hold on to your shares...and add to them if you can!!" I cannot be more obvious than this about this company and our current Share price, we are going much higher!!
Glorieux