Agoracom: Small Cap Investment - Noront Resources - Re: I sense the climb up to ----

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)

Reply New Message

Back To Forum List View

I sense the climb up to ----

happyappie6

Jan 03, 2012 10:16AM

Re: I sense the climb up to ----

glorieux

Jan 03, 2012 12:39PM

Re: I sense the climb up to ----

the deputy

Jan 03, 2012 02:52PM

Francis Dube

Rank: President [?]

Points: 44898 [?]

Votes: 625 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: I sense the climb up to ----

in response to

Re: I sense the climb up to ----

the deputy

posted on Jan 03, 2012 03:49PM

TA is fairly new to me and I would not rely on it alone that is for sure. However, we have had some consolidation here at these higher levels which is a good thing, even necessary to give us the power we need for the next leg up.

Yes, an announcement of infrastructure would be a no brainer to send us to much higher prices. However, we are still very undervalued here and there are buyers coming in that realize that things could change very quickly for our share price. We have had solid resistance at 82 for a few weeks now and a break above this would signal that the next leg up is here. Now, I do not know if we have the volume to do that without news but based on us being undervalued and that a political announcement could come soon, we could get that volume anytime without notice just like our last move up from 50.