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: Kid Creek Comparison - /Tues. Morning

Before getting into the latter portion of you post Sum I just want to say to 2sh1: I believe I get the Drift of your two earlier posts. Welcome! Remember there is more to Eagle 1 than Good to Excellent Ni!

Now, Sum, as you posted the following, which I take as an effort to help everyone keep proper perspective on suitable scale and range of expectation, just as semismart has been attempting (in his/her own way), I will give my take on your comments:

"Again, it's about maintaining a healthy and responsible perspective on events. I suspect that the market response represents solid news though I don't think the market is truly clued in or convinced yet as the volume doesn't indicate that they are. If news is traveling and the results are stellar then the party is on. If news doesn't come right away we'll see some manipulating of the stock perhaps which, for some, will be another buying opportunity. Ultimately if the news supports that we have the goods, we'll all be fine."

"Again, it's about maintaining a healthy and responsible perspective on events."

Yes! And a healthy perspective requires doing decent PP. Thus, all relatively new comers, READ up on past events respecting Noront Resources. Know what your tolerances REALLY are.

"I suspect that the market response represents solid news though I don't think the market is truly clued in or convinced yet as the volume doesn't indicate that they are."

Expectation of solid news is what finally got this current Rally going, but it alone was insufficent. The SP was so impeared by the Manipulation of the last year that it took a few calls and some visits to the Office to convince a few new Players to get this thing Rolling again. With that said, the Market is ultimately inhabited by rather Ignorant Payed (or independant Professionals and former Professionals) Trader Types who need the TA "kick in the pants" to draw their attention. Then there are the Truely Big Investor Interest. By Manipulating the SP over the past three weeks Both these Geoups have now been alerted, via the TA Stuff, to get involved. Hope they do! I am ready! As for the Volume, it will be the next step in trigering the Ultimate TA dependant Market types. And given the Volume each day and the swing since the Renewed SP Vitality, some TA dependants took notice at the start a few weeks ago. these TA Types have been given confirmation in the last three Trading Days! Next will be the Ultimate TA dependant Types. Today and more specifically, the last 45 minutes today will triger their Idiot Gages and likely Tuesday will push those Idiot Gages to the "Red Line'. Who would know this. ANSWER: OUR Manipulators! The ones who were Hammering (manipulating) NOT's SP for the past 14 -16 months! SP trigers were squeezed today. Volume trigers will follow on Tuesday and or Wednesday.

If news is traveling and the results are stellar then the party is on."

The News fell Flat and even glorieux could not spark it into results. Clarus (whoever) were then needed. That worked! And now we have a somewhat nervous PNP rep following up. That clinched it!!! As Donypee stated early this afternoon, "The TRAIN has Departed the Station" Thus, no turning back now! The TA Stuff has been trigered for the Ultimate TA dependant Types. they, being the most Ignorant, will have the weekent (a long one at that) to bone up for their now anticipated "Feeding Frenzie" (for those who do do the weekend "Boning Up" that is. the remainder will either follow (the true Blind) or by the time they think they are wither all "Boned Up" will Rush in Wildly (this is where the real SPIKE OCCURS) or decide to "sit it out" or simply dabble if they deem it really too late in the Game to Rush Wildly in. Thus, the party is about to be Called!

"If news is traveling and the results are stellar then the party is on."

YES! And it will have a Very Good Start and if the drilling Continuse to demonstrate "Good Understanding" of where to "Keep On looking" the Party will be a long one!

"If news doesn't come right away we'll see some manipulating of the stock perhaps which, for some, will be another buying opportunity."

Do you really mean 'we will see continued Manipulation untill the BoD are ready to "Gut her Loose!" Why do I say it this way? Well, be our BoD be a part in the Current SP/Volume activity or not, they ARE experienced (or are well advised) enough to know how to handel this very situation we FINALLY see our selves in!!!

Note that once this Run has Run it's Course", which could be a few weeks or a few months, there could likely be renewed opportunity to do some new Buying - thus the Buying Opportunity you note.

"Ultimately if the news supports that we have the goods, we'll all be fine."

How about taking "semismart's" Breakdown on SP Valuation at Differing Ni Grades and ADD consideration for other Metals Grades. With this, work out your own Bench Marks to near term SP Valuation.

All I will say for SURE is that long term Valuation is Beyond what I am willing to state publically. Shares Outstanding is the factor that will ultimately affect this private Valuation Estimate I have for Noront Resources and several other RoF Explorers. Otherwise, I would love to learn much more specifics on the Area Geology in the mean time, just so as to confirm my intuition to date, which has not changed much in the Genrealized perspective of Conceptualizing the Entire RoF. It is Good! All companies up there, Please "Prove me half right!!!!" Anything more is Bonus!

Old Joe



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Aug 01, 2009 05:33AM
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