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: Crazydik once said "wake me up when we hit $ 20.00"

Of course there is more value in the ground than two bucks.
Do you think that the chromite ore in ground that Cliffs sold to Noront is only worth 20 million dollars?
Again, of course not.
The real in ground value is highly mitigated by circumstances such as we are now experiencing with the natives.
If it were not for such I would hazard a guess that it is way above 20 dollars a share even with our 300 million shares or so.
I would not try to calculate the chromite value ( At least 30$s?) but I did ball park figures a few years back of Eagle alone with a much lower float and it was in the vicinity of 30 dollars.

Remove all impediments on all assets of Noront it may be a fair guess that it is north of 50 dollars ( might be 100). At such a price are we going to sqibble about details when just about anything happening can deflate the air from that balloon.

We have a good potential, if we are not bought out before hand, to become a mid-tier company.

Prospects have stellar posibilities if only our problems will go away. Cheers, Ed G.

( Crazydik where are you?)

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