Noront CEO mentioned in news interview that there will be up to a century worth of chromite in ROF. WOW,
I cannot believe share price for a resource of this magnitude is only 33 cents a share.
Go figure. I think investors are just holding back because they need to see more concrete evidence that their governent leaders are behind this development.
For me I believe this project will go ahead its just a matter of when. I think we will see a liberal governent trying very hard for votes in the northern Ontario and that will mean firm commitment to the road that will make all parties very happy.
I consider myself very fortunate to have substantial investment in what will be one of the largest mines in North America and even the world.
You tell me, is that worth 33 cents a share going forward?
I have seen tiny mining projects with a fraction of the reserves Noront has be valued way, way more then Noront is now. If anyone new is reading this I will tell you getting in at this share price is a gift and if you have any spare cash I would buy all you can get your hands on while you can.
Going forward I see the share price topping 10 dollars and more during the construction phase. During the first few years of actual mining I can see pricing matching that of any other world class mining company.
Good fortune to all.