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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Message: Re: Buy out minimum
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Oct 29, 2011 01:53AM
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Oct 30, 2011 06:53PM

I don't disagree with you one iota, Glee. NOT is worth far more than what I am forcasting. I can easily cobble together a few math calculations to give it a minimum 13 dollar value, but it won't count for anything.

When the action first started with SPQ, I did the same calculation for a minimum mid forties. When they finally accepted the .19 offer, there was a lot of complaining, but anyone who understood the market should have come out with at least a double. I was very vocal for most of the last year before they were taken out, and had put my money behind my mouth.

I have been holding Noront for all of the five years since Windfall. I have been ridiculed by family members, jeered at by people I encouraged into Noront, laughed at by other investors, through most of that time. If the stock goes to 1.80 this time, I will feel vindicated. If it hits 3.00, I will be estatic. If not, then it just means a bit more waiting.

Best regards

K

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