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)

Free
Message: Door A

First a big thank you to Neville for posting that Summary. The information of hole 49 was right in the NR's. We continue deep drilling if we see what we like from hole 49 extention.

They continue deep drilling with two drills. JUNE 4 investor presentation shows you 76% of the eagles nest budget is committed to deep drilling. The rest is infill. The budget speaks volumes too.

Door number A

-I am a type of person that the more you tell me how bad it is behind door number A and how I really should be thinking about door number B and forgetting A, .....the more I want door number A. I'm curious by nature. I feel suspicious if someone tries too hard to steer me away from what I want. I question their motives. Why bash door A ...is it because you want it for yourself.

The quote "The lady doth protest too much, methinks." comes from Shakespeare'sHamlet, Act III, scene II. It best expresses the feeling I have right now about Noront.

The phrase has come to mean that one can "insist so passionately about something not being true that people suspect the opposite of what one is saying."

I suspect the opposite.

I have listened to how much I should back away from Door A (Noront Shares) and pick Door B (Exit door (also know as go away. sell. Get lost)

I'm not going to retype all the good of Door A. The deposits, the land package, the fact interest is very much here from a major and the Canadian Gov't and not to forget the take out prices of neighbours!. We already know that. It's all of this stuff that keeps me with Door A

Now the case being made for door B

(1)declining share price despite the increase in deposits. No matter how much extra we have the share price goes down. The idea that more is less. Ya Right. I`ll sell you my $20 dollar bill for $2.00. It`s a great deal. Look how many are going for it!

(2) The mention of the remoteness, remember.. Florida Everglades! The image of having my legs bitten off by alligators if I even consider opening Door A. Everglades... a dangerous place.

(2)Noront PRIOR to drilling deep puts this out,

TORONTO, ONTARIO--(Marketwire - April 19, 2010) - Noront Resources Ltd. ("Noront", the "Company") (TSX VENTURE: NOT.V) is pleased to announce that it has entered into an agreement with Dundee Securities Corporation on behalf of itself and a syndicate of agents including Wellington West Capital Markets Inc. and Genuity Capital Markets (the "Agents") under which they have agreed to offer for sale, on a best efforts basis, flow-through common shares of Noront ("Flow-Through Shares") at a price of $1.83 per Flow-Through Share for aggregate gross proceeds of up to $15 million.

When you read this it makes you not think very positively about further prospects going forward. A pp much lower than last year`s right before the deep drilling.

Doesn`t spell optimism. Wow. I can feel the air leaving the balloon. And yet the ordering of two custom drills. Why not just one. I mean since we are going to be so negative...so unsure ...right

(3) Then the conditioning of the bowel cleansing by use of the flow though Ex-lax also known as Noront flow shares

Let`s see now: 80 cent flow though`s in Dec. 2008. Went to a low of .435. That`s a multiplier of .54. Miraculously when the 4 month expiry came the share price went over 80 cents when it was time to get out.

Aug .2009 $2.80 cent flow through shares. Now let`s use that .54 multipler, it works out to $1.51. We hit a low of 1.50 during this time period. Miraculously when it was time to get out in Dec. 2009 the share price went back up nicely.

April 2010 $1.83 flow throughs. Who the hell would have thought for a second the price could be pushed down this low after we tripled the deposit! But let use that multiplier once more ..we get 99 cents. We hit a low of 1.03 (close enough). Mission accomplished.

(4) Did Cliff`s do the .54 to the share price All three times! Mission Flow through 2010 was achieved by the deafening quiet, the everglades, the lack of outward enthusiasm, our technical problems, our low profile (don`t feature us on your website...please...someone might see our name.) The Good news is that August the flow throughs expire. mid August I believe, so, I guess we start going up when expiry time is near which is very close.

I just have one question. If Door B is the right door. The door I am being pressured to think is the right door why is it the institutional ownership is so high. Why are they not running in droves to door B. Why accumulate what`s behind door A.

Share
New Message
Please login to post a reply