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: Re: Theories as to why SP is at .25 for an extended period of time

One silver lining regarding Noronts share price, is the longer it remains at support in a tight trading range, the stronger the support base, and the better the chance of a swift rebound.

Think of a coiled spring, the tighter and longer it sits idle the better the energy once released. (This can be true to either direction).

.25 is what our market considers fair market value for this company, we may disagree in theory, however, it simply doesnt matter what we think. The general census is that Noront is fairly priced right where it stands.

Without a catalyst to release the resistance at .26 this is where you could wisely accumulate. IF you feel there is something pending that will change the markets perception of what is fair market value.

 

JMO

GS40

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