Re: Stock holdings
in response to
by
posted on
Jul 24, 2012 04:38PM
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)
Good post Cinema Show.
The constant complaining has become tiresome but everyone is entitled to their own opinion.
The share price is low, so people point the finger at Management. I do feel for shareholders that have purchased at much higher amounts as the current share price must make them feel them uneasy but when looking at Noront from an achievement perspective things have improved vastly.
I look at the performance of the company as a measure of my investment not the day to day share price. Over the past 2 years since I have been a shareholder, NOT has doubled their Nickel, more than doubled the Chromite and have completed a Feasibility Study (which is currently delayed).
The government has verbally commited to the Ring of Fire and Noront has a good relationship with the FN's.
Their most recent drill results I believe will result in a very large Nickel deposit which may have some grades that are close to the quality of Eagle's Nest. Even if the quality is not high, they seem to have found a large amount of low-grade nickel.
By 2016 the supply of Nickel will not reach the demand (according to some experts) and that will mean a surging nickel price. The current tax/ban by Indonesia on Nickel ore will have a large effect on the future price of Nickel.
I could go on about the bright future for Noront, but I am probably preaching to the converted. Those who will focus on the facts will be rewarded. For those who are shaken by the day to day price I suggest when you sell, not to look back into Noront down the road as you may wish you had held.
Noront has some short-term catalyst which I believe will increase the sotck price in the coming months, but Noront is a long-term play, when all fact are considered.
When economic stability returns to the world, investors will be willing to invest more long-term which will be good for the stock price.
When I first began purchasing 2 years back and more so now I saw myself holding this stock past some major milestones such as Feasibility, Financing, Infrastructure and possibly even into production.
I have taken the opportunity over the last 12 month to buy under 60 cents as I believe that is a no-brainer.
I can not think of another junior that has found so much of a high quality resource with only about a 100 milion in exploration.
I personally believe the our Geologists are just starting to understand the property and there is plenty more to find.
JDR