Was this the day that we have all been waiting for? I know I liked what I read. This might have been the most influential and important NR ever by Noront. Large mining companies are going to read this and make plans. Plans to investigate buying Noront.
Who wants a platinum mine with a negative cost potential? Silvercorp is currently mining silver in China with a negative $6 cost. Someone could do the same thing here with platinum. The question is, how much platinum is there? If we avg 1 gm over 20 million tons. That should be enough.
My feeling when I was reading the NR was that this is it, this is what I have been waiting for all of these months. This is the definitive NR that proves beyond a doubt that a mine will be built. No way does the platinum stay in the ground.
I think our anxiety is over. We can now relax and wait for the buyout. Who will it be?Xtrata? Cliffs? Who knows, but it will be somebody. I relish that day. I'm hoping for $7 or $8, but $10 would be satisfying.
How long will we have to wait? I'm patient. My guess is 12-24 months. Between now and then the stock price will slowly head to $4 or $5. The higher it goes the bigger the buyout. Wait until we get a 43-101 for all of that ore.
The only thing that concerns me is that nickel prices could head south and put some pressure on the price. But over the next couple of years, platinum prices will follow gold much higher, which should help.
Newager