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Noront Resources Ltd. 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
Post by franzneumanon Nov 01, 2007 5:41pm
495 Views
Post# 13736296

Another great day for Noront

Another great day for Noront- They've further delineated the deposit structure at Windfall Lake, something they've been trying to do for many years. - Noront went out and staked a bunch of land, flipped a small portion of it to a JV who is going to spend $5 million exploring it, get cash and shares from the JV and retain control. This is exactly what a small company like NOT needs to do to maximize shareholder value. The property will be explored much more quickly, NOT makes money and will be rewarded if the JV finds anything. Terrific news. Guys like NewSkid wonder how I can be happy when the share price goes down. Let me explain since the share price action has totally escaped him and his ilk as they continue to seed doubts while watching other people get rich ... It's about fundamentals and being a long shareholder who is wise to the ways of the market. One only needs to check the tape to see that positive news is consistently met with an immediate drop in share price only to rebound with a vengence later on. Today's news is very positive and by no means negative. It will eventually be realized in the share price. Watch and learn bashers. But by all means, continue to bash away. I appreciate your efforts to bring the share price down temporarily. I've made a boatload off of the dips!
Bullboard Posts