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