Timing

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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From_Sudbury

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Timing

posted on Jan 06, 2020 01:44PM

When the RCF loan came due in late September, Noront was trading at $0.22. Several one month extentions, along with much negative news coverage due to the location selection of the smelter in the Sault brought the price down to $.14; a huge windfall for RCF as they were able to knock the conversion price down to $0.20 with little push back.

Just like the last conversion price adjustment, the effect seems to now place a ceiling price of $.20 on the stock.....and thus many more interest shares.

Interesting how little coverage of the Sault since the renegociated loan agreements. I suspect we will hear more....when the time is right.

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