Re: Called Julia bond at Noront to complain about the PP-Spot

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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djje

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Re: Called Julia bond at Noront to complain about the PP-Spot

in response to

Re: Called Julia bond at Noront to complain about the PP-Spot

Babjak1

posted on Mar 01, 2016 12:27PM

It is only a cheap PP because of times we're living in. Consider the global economies, consider metal prices, consider the FN's, consider lack of infrastructure. If you ask me, we did ok.

What we also need to realize is that these funds primarily would be coming from existing shareholders. So, you prop the SP up, dump your existing shares and this pays for your PP commitments. Even if you were to sell for slightly lower than the subscribed pricing of .35 cents, you still have the warrants. It's a no brainer. This is common place right now on the TSX-v. It's a cleanse. Rinse and repeat until only the brightest stars shine. I believe Noront is one of those stars. Good luck all.