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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.


OTCPK:NOSOF - Post by User

Bullboard Posts
Comment by gearshifton Nov 24, 2010 1:08pm
110 Views
Post# 17751710

RE: RE: RE: OH WHAT A TIME IT WAS

RE: RE: RE: OH WHAT A TIME IT WASTarq, Remember this one? Benj-o what do you think about pumpers?

"So maybe I just live with rose colour glasses (I am an optometrist) but to me, there is a really good chance this stock will see $100. Am I pumping, not in the true sense but I am going to make the case for this. Here is my logic in reverse.

100 share price means a market cap of 13.5 billion dollars at a dilution of share after warrants and all of 135 million shares.

13.5 B market cap at a 30% In situe value based on large tonnage deposit, shallow depth, great grades...would be a deposit of 45Billion dollars

A 45Billion dollars in the ground deposit at $800 per tonne would be 56.250M tonnes.

We have so far about 5M tonnes (conservative number), so we need another 10 of these deposits out of the thousand or so anomalies or 1%.

I like these odds of going to $100 but the best thing is even if we never see $100, we will see much more than the $5.00 for which this stock is available right now. So I am going to sit back and enjoy the ride.

At $20 we can wake up Crazydick, at $100, we can book flights to a tropical location and have a Party!!"

Glorieux

Bullboard Posts