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: Offer finally done. Noront will now rise.

Offer finally done. Noront will now rise.

posted on Dec 14, 2009 11:39AM

Now that Noront's offer with FWR.V is over, Noront will now rise. Based on low volume, this is a shakedown before the rise. the focus can now be about Noront's Eagle's Nest. Some say Noront will drift to 1.50 over January, I say it can rise to $4.00. As I've said over and over, they have already said no to offers of 5.00 and higher (higher is an assumption, but CEO's are dodgy about the exact numbers). So whomever invests in Noront now can have confidence of at least a double ASAP, as leaks of Major's interest come out in next 2 weeks.

Why next 2 week?

2 reasons: 1) a major wanted to wait out NOT.V and Cliffs involvement offers until they knew what and who they were getting involved with. Now that it's done and Noront is solo, they can move, 2) (this is more for fun), because of the Idle Conversation factor. My guess, with family for holdiay, there's often a lot of awkward tension to be friendly with some members you really don't know. Instead of telling them frankly, "Look, I knew you as a kid, but I'm not a kid now, so why don't we get to know each other as adults, and quite frankly the adult I see I don't really like, so lets stop this pretense of family coziness because it's just not there and can you pass the egg nog?" So instead of frankness, people who work for Noront or a Major will be asked, "How is work going?" Most investors who sit at the computer half the day, feel the need to say something intriquing, as they feel defensive when asked what they do? Instead of being frank and saying, "Making money on other's labor is glorious, and empowring due to my ability to buy and sell." There is a need to pump instead. This will lead to leaks. Or if you work for for involved Majors, you might want to give family members tips, since all family members keep secrets like a Madoff safe.

sg

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