Agoracom: Small Cap Investment - Noront Resources - Re: Noront's Next Move

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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Sudbury Novice

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Re: Noront's Next Move - Or will there be one?

posted on Dec 01, 2009 09:12AM

Sorry about your eyes Norm but in case you missed it Noront made what they claim is their final offer for FWR yesterday.Personally I doubt that is their final offer.

My bet is we will see another bid from Cliffs by the end of this week ...Nots current offer ends on Dec 11.

Critics are claiming that Noront's offer creates too much dilution.

I actually feel sorry for Wes and gang because , unless they have a backer, there is no way they can compete with Cliffs.

Today Noront came out with very good drill results on Eagle one. I suspect they still have other results from Eagle one and the blackbirds that will prove that this is an economic play.