Noront Resources Ltd. 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.

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Noront Resources Ltd.

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Comment by glorieuxon Feb 22, 2008 9:50pm

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Post# 14531499

RE: MoneyMouth and geojerk505

Just for the fun of it and because this is just too easy 6 DE1 at 6M tonnes each would give us 36M tonnes at $800 per tonne ($1000 is overly optimistic) that would give us 28.8B of GMV with a minimum of 20% in situe value for a buyout would give us 5.76B Market cap and with a fully diluted 135M shares would give us $42.67 per share or about 9x our current price or your fair value. I do not know what you smoke mining guy but it is pretty cheap stuff. With market analysis like you have though, that is probably all you can aford so I understand your situation. Good luck to you!! Gl

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