Noront Resources Ltd. V.NOT

Primary Symbol: NOSOF

Metals & Mining Industrial Metals & Minerals

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

Noront Resources Ltd.

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Comment by glorieuxon Oct 19, 2007 10:43am

323 Views

Post# 13602956

RE: good or bad sing!

Long are holding, day traders are gone, just waiting for a halt. I believe this is still a good play. My reasoning. At a valuation of 500 million, with about 2billion in the ground we should be at least breaking even. Now considering that this 2 billion is from 1 geophysical anomaly and they have drilled an area no more that 300 meters by 300M and they hold over 30k hectares with close to 100 anomaly, this is also a great spec play. Everybody else is happy to have land close to NOT, but remember, we own NOT and all 30K hectars plus 2billion in the ground (according to Sprott). So this is a good play in my books.

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