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)

Free
Message: My biggest fear!

Thanks for your comments Jean.  I would be very pleased if you are right.

Any potential acquirer of Noront will not pay $7 for what is now a .36 penny stock ! So how do theyget Not on the cheap. Well, they look at the big shareholders like RCF and make them partners in a larger company with deep pockets and give them a board seat. They then look at management and treat them " very well " on a takeout and maybe offer management positions in the new company.

You also have to look at the timelines for mines to be built ( if ever) and ask if all involved really are willing to wait that long for a big payout.

Do you think Alan and the boys would like to be senior managers of Glencore or BHP or Rio Tinto ??

I think that big shareholders and management would jump at the above senario rather than take a chance on a less attractive bid.

Please don't view my comments as bashing. I have owned Noront shares for a very long time and add to my positions regularily and have never sold any shares.I just want to keep my eyes and mind wide open and think realistically.

JMHO

Rico

Share
New Message
Please login to post a reply