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: Wait it out

Wait it out

posted on Aug 10, 2009 11:14AM

So far buying Noront for mid to long term hold at current prices sure is a no brainer. Let the market swing like a pendulum but for now it sure seems a base is being formed. Some chart guys will back this up with their lines and numbers and toss out a trading range.

My call is base of $2.30 with a dime either way until things settle down for the next move up after flow thru cash changes hands. Any shorts out their could be squeezed then.

Originally I was concerned about a lot of long holders converting shares to cash to participate in flow through but my broker indicated his experiance is most buying in are new to Noront. No idea if his impression is correct but it does change how one views selling pressure coming in, NOT coming in if he's correct.

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