Noront Resources Ltd. NOSOF

OT - BLR question?

[TVLmillionaire]

If BLR.v has 50% and the other two have 25% why is the market cap of BLR so cheap? It also has some interesting phosphate action. The BLR cap is $39 million with TME at $48 and BMK at $82 - but they have 50% whats the deal here? Also anyone follow FPX.v? Phosphate Preseentation https://www.balticresources.ca/Presentations/MartisonPhosphatePresentation.pdf Projects Martison Lake Project The company owns a 50% joint venture interest in a world-class phosphate deposit with a resource estimate of 113 million tonnes averaging 21% P2O5 — high-grade ore by industry standards. For 2006, the Company plans to conduct a pre-feasibility study to update the capital and operating costs, the desired product mix and operating rate of both the mine site and phosphoric acid plant. The phosphate resources will also be brought up to National Instrument 43-101 standards. Pending the results of the pre-feasibility, a bankable feasibility will be undertaken in 2007. Coral Rapids Project Diamonds, Uranium, VMS Base Metals and High-Calcium Limestone Potential. A recent ultra high-resolution airborne magnetic and electromagnetic survey carried over Baltic's Coral Rapids Property has identified a minimum of thirty anomalous magnetic responses having high potential of representing kimberlitic intrusions. Of these thirty, fifteen high priority targets have been drilled of which nine intersected kimberlitic intrusions. Hawkins Gold Project Host to the historic Shenango Gold Mine and a known low-grade gold horizon with values of 1 to 4 grams per ton of gold over 4 to 30 meter widths along a minimum strike distance of 3 to 4 kilometers. This was proved up by Falconbridge Exploration Ltd. in the mid-1980's by means of an extensive shallow drilling program. No subsequent drilling was carried out to evaluate these felsic volcaniclastic units at depth or to the west. Our exploration program is aimed at extending the auriferous horizon west ward and sampling it to determine grade. The Companies goal is establish a large tonnage deposit accessible to open pit mining. From todays release Pursuant to the Joint Venture, the properties, which represent 3 separate parcels of land comprising over 50 claim blocks which correspond to approximately 13,600 hectares, will be shared on a 50/25/25 basis between the Company, MacDonald and Temex, respectively, and all costs associated with the acquisition and exploration of the properties will be shared on the same basis. MacDonald will be the Operator for the Joint Venture. JMHO TIA