Agoracom: Small Cap Investment - Noront Resources

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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Short summary

sag4tag

Apr 07, 2010 01:54PM

MaCloud

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Re: Short summary

in response to

Short summary

sag4tag

posted on Apr 07, 2010 05:55PM

I think Monday's sudden rise in sp was perhaps related to quick short covering after hearing that Noront restarted McFaulds lake drilling and the economy added 162,000 jobs in March. Aggressive buyers are not there yet.

Sp could have fallen further unless there was a huge order by house 16 Paradigm at $1.78. Till the Company release a positive news (or rumour on visual results) on drilling results, sp is expected to be unstable and manipulators could kick in again.