Agoracom: Small Cap Investment - Noront Resources

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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Feb 29, 2016 04:14PM

Feb 29, 2016 04:42PM

Mar 01, 2016 12:31AM

Mar 01, 2016 08:56AM

Auminer

Mar 01, 2016 10:12AM

Re: A 22% haircut

NevilleD

Mar 01, 2016 10:21AM

NevilleD

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Re: A 22% haircut

in response to

Re: A 22% haircut

NevilleD

posted on Mar 01, 2016 11:44AM

Well, on second look it seems I read the NR wrong. I thought we were raising 5.5 mil @.35 AND 2.5 mil @45 flow thru. However, I now read it as 5.5 maximum, 2.5mil minimum in some combination of FT and shares.

So, this brings it down to around 5% dilution. ($5,500,000 / .40 avg cost = 13,750,000 shares / 257,000,000 outstanding = .053 dilution or 5% dilution.