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: Strategy

What do we (and especially one very active poster on here) know about the company´s strategy ? (And rightly so, because a company´s strategy shouldn´t be out in the public).

And I would extend that to "what do we know about running a multi-million dollar exploration company" ?

One could think, reading this board and especially posts of people that are very unhappy about the performance of the BoD and the CEO, that these people would do a better job, because they know exactly what it takes to multiply our current share price.

NOTHING do WE know about it (Explorer CEO/BoD posters excluded, of course) !

How can someone be sure, that we will triple our share price if we drill for more chrome ?

You can´t, because we have chrome already and it has done NOTHING for our share price so far.

How can someone post, that we have given away valuable JV-chrome for nothing ?

You can´t, because even if this JV-chrome will be worth $100 M for PRB (which I don´t think it will, at least not after the initial NI43-101, which might be lower than Noronts actual Blackbird NI 43-101), that would have been $ 50 M for NOT if we had kept it.

$ 50 M means $ 0.27 per NOT share, that´s not exactly tripling, is it ?

And we have NOT given it away for NOTHING, because we did get a 100% ownership of a lot of very strategic claims near Eagle´s Nest and near Thunderbird Vanadium for the price of the recent JV costs, which were $ 485,321 so far (according to Probe´s latest MD&A). Bare in mind that these very strategic (and prospective) claims were 100% Probe claims before.

And I am pretty sure, Probe wouldn´t have sold these claims to Noront for $ 500,000 even one year ago !

Good deal for both ? I would think so ! Although Noront still has to prove the value of their ex-JV claims and I believe in our Geos, who should have enough information right now to positively support such a move. This is big business and you just don´t make such decisions by chance !

But according to some posters on here (who seem to know, what is or is not underground), Noront has crap management, who doesn´t know what they are doing, giving away valuable chrome for nothing ! Yeah right !

I would suggest, that these people who keep on complaining should give the company some time to show, what the company´s strategy is and how this would impact on the share price.

I think we all will be much wiser, happier and richer by the end of this year (JMHO).

FANTOMAS

Share
New Message
Please login to post a reply