Fifty seven cents is non-cents
posted on
Nov 25, 2009 04:16PM
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)
The market is doing the "not recognizing again" aka manipulation
I reread the last NR again and asked myself if this NR was worth 57 cents. Based on the 1.50 close right before the NR, this is what we are being made to believe. I suggest re-reading the NR again and asking yourself the question " Is this NR not worth a heck of a lot more than 57 pathetic cents. It makes no-cents it is pure non-cents.
Are metal prices tanking? what about precious metals are they tanking too?? Answer: NO.
We all know after this NR there should have been DOLLARS INVOLVED NOT CENTS!!!!
Just a reminder of the highlights of the last NR.
ASSAY HIGHLIGHTS:
Five holes intersecting the Eagle’s Nest mineralization are being reported herein. All five of the holes exhibit significant assay results including intersections of massive mineralization. The Company notes that Hole NOT-09-070-W1 intersected unusually high platinum grades within the massive sulphide mineralization.
We strongly believe that we have delivered on our stated target of tripling the Eagle One resource. Our drilling has established that the Eagle’s Nest deposit is continuous from surface to depths below 1,000 meters and the mineralization over most of that distance remains open along strike as well as at depth. Our geological team currently estimates between 10 and 15 million tonnes of mineralized material at Eagle’s Nest averaging approximately 2.0% nickel, 1.0% copper, 1-2 grams per tonne platinum and 3-5 grams per tonne palladium, consistent with the grades estimated in the existing 43-101 Resource Estimate for Eagle One. More importantly, the geometry of the deposit is ideally suited for underground mining which eliminates the need for expensive dikes and surface dewatering systems inherent to any open pit mining in this region of Canada.
“We are very encouraged by having confirmed that the Eagle’s Nest is in fact a single continuous zone from surface down to below 1,000 metres. Along with expanding the limits along strike and at depth we are also specifically targeting the massive mineralization, which is showing indications of being a single, consistent zone with a predictable orientation. Exciting times for the Noront exploration team.”