Agoracom: Small Cap Investment - Noront Resources - Re: I own shares of Not---but no but

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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I own shares of Not---but

happyappie6

Dec 02, 2010 01:32PM

Re: I own shares of Not---but no but

Gerwin

Dec 02, 2010 01:47PM

Re: I own shares of Not---but no but

goFWR

Dec 02, 2010 03:23PM

Re: I own shares of Not---but no but

Gerwin

Dec 02, 2010 03:29PM

Re: I own shares of Not---but no but

goFWR

Dec 02, 2010 03:44PM

Re: I own shares of Not---but no but

Gerwin

Dec 02, 2010 03:48PM

Re: I own shares of Not---but no but

Gerwin

Dec 02, 2010 03:56PM

goFWR

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Re: I own shares of Not---but no but

in response to

Re: I own shares of Not---but no but

Gerwin

posted on Dec 02, 2010 04:21PM

1. NPV does not equal Money in the Bank - you need Money to build the mine.

2. How are you going to get money to build the mine:

a) issue more shares

b) get a loan - see step list for getting a loan:

step1: decide to get loan

step 2: determine collateral. Hmm I have this paper that a few guys wrote that says our mine is worth 540M, after the update in resource prices it's more like 1B in NPV.

step 2b: contemplate how we could possible have collateral of 1B but only have a MktCap of 200M.

step 2c: realize we only have a bit of collateral.

step 3: go to a bank and ask for 500M loan with less than 200M collateral and no way to pay them back if things go bad