what about the 56 cents?

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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Babjak1

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what about the 56 cents?

posted on Mar 09, 2010 01:35PM

correct me if I am wrong please.

Genuity assigned a value of 25 cents per share to Noront's chromite.

Noront has approx. 30 million in the bank.

Plus 6.7 million from the recent financing

Plus approx. 15 million canadian of Cliff's stock.

All the above equates to approx 56 cents per share. If I remove that from the current share price of 1.64, we are getting about 1.08 for the eagles nest plus JJJ zone, plus AT12 plus thunderbird plus the blue sky of the property and the knowledge of more goods below 1100meters at the eagles nest.

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