October 4, 2010

we normally focus on the lesser known juniors with much smaller market caps, but we suggest investors keep an eye on Noront Resources (NOT, TSX-V) which appeared to bottom out recently at $1.10 when we last mentioned it at BMR…Noront has a history of sudden, sharp moves and its 100-day moving average is very close to a turnaround…from a fundamental standpoint, Noront is our view is significantly undervalued given the size and potential economics of its Ni-Cu-PGM deposit at Eagle’s Nest…looking out over the next 6 months, Noront has an excellent chance to be a very strong performer as the technicals continue to improve on the stock and a greater appreciation of its value sets in with investors…its risk-reward ratio is currently very attractive…Noront is currently off 4 cents at $1.28…