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: Holding with confidence....

Holding with confidence....

posted on Aug 01, 2009 03:26PM

Good afternoon all,

There have been a lot of great posts here in the last few days, providing quality advice, and a balanced view to the Noront story.

Personally, I am leaning strongly to the "don't sell too soon" side.

I hold more shares than I did when NOT made its last big run, and have always had confidence in the assets of the company. Some of you may have noticed that I ceased signing off my posts with "holding with confidence" once the new BOD took over. That was because I simply did not trust them. My current view is that the facts regarding Noront are too positively compelling for great value not to be achieved for shareholders, even by these fellows.

I do not want to beat a dead horse, regarding the BOD. Suffice it to say they have already done things that will reduce our ultimate value. Example.... Perhaps we will reach $20.00 a share, instead of $24.00, or some similar difference. (Khareema's $27.00 suggestion is easily believeable in my opinion)

The main thing I want to say is, THANK HEAVENS for the foundation laid by one Richard Nemis, John Harvey and the exploration team, and thank goodness that JH remained as COO, with the help of Dr. Mungall and others.

I wish you all, the very best of luck in your "buy/sell/hold" decisions in the coming days and weeks.

HOLDING WITH CONFIDENCE,

Canseco

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Aug 01, 2009 03:37PM
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