Re: Noront Resources and Marten Falls First Nation Sign Exploration and Project Advancement Agreement
posted on
Apr 13, 2017 03:22PM
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)
Hi speedyG,
You are correct, management could have shutdown for years and walked away. Instead they issued shares to complete further exploration, consolidate huge portions of land (NOT = ROF), purchase a 200 million dollar + chrome deposit (and camp) from Cliffs for a fraction of that, amongst many other things, etc. I believe those decisions will be considered extremely wise in the future. The ROI will make the dilution look like peanuts.
Just remember something, the NPV on eagles nest alone is something like $2-$3 per share. The chrome will be significantly more. Our stock is beaten down only because of infrastructure, give the market a sniff of it and see what happens. Just food for thought speedyG. GLTA.
djje