Re: Why?
in response to
by
posted on
Nov 03, 2011 02:47PM
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)
Why indeed, do some here think that we will get another news release soon, even any day?
I say no. We had our news and it is good enough to account for our sp rise. If some of you do not think it is good enough then perhaps some of you are not recognize a 'golden'goose.
Note:
Noront did surveys of the region around Eagle's Nest. From these they see annomalies worthy in Noront's opinion not only of attention but to do additional drilling.
Some here a while back complained vehemontly about Noront trading good chromite land for the very region in question now, meaning near Eagle's Nest. Could it have been because Noront saw better potential here?
A neighbour only hundreds of meters over the fence from Eagle found good results from drilling. Is that not additional incentive for further exploration and expectations? Noront management implied in the past that our and our neighbours trends are probably connected/continuous. That very possibility is a huge thing for the Ring and the company that holds the most land in it.
Investors are begining to look at possible investments now, the Ring is a worthy area. We have a good future.
Yes we will get additional news but not until more drill cores are analized. With the recent news additional news from drills in this region are not to be expected for weeks because Noront is not likely to release news on two or even four cores. To do so the results would have to out do Eagle's hole 49 of 2009, even then I doubt that. Many of you should remember that we had an incling of hole 49 well in advance of it's results released. If Noront did not hurry then, then why should they now? Because some here are impatient?
We could have a repetiotion, hence the excitement.
Frnwid is on the right track. Keep your cool folks. News will come when ready and it is very likely a bit later.
(Yes Paschiliko, I also find it unlikely that people would not average down in a good stock.)
Jmho, Ed.