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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 glorieuxon Mar 01, 2008 1:06am
507 Views
Post# 14578065

RE: Somone Please Explain the Math

RE: Somone Please Explain the MathIt is quite easy to do the math here...let me help you. Genuity came in and with their technical staff assessed DE1 at 5.6B dollars. You can read their report on the latest news for Noront. Well, when you reach critical mass and a mine is going to be built, the major coming in to buy the junior will look at the GMV, that would be the Gross Metal Value. In our case we have 5.6B dollars for Eagle 1. Forget Eagle 2 or 3,4,5 up to 8 of them within 5 km. Just concentrate on this one rock called DE1. So when the major comes in, the valuation will be based on many factors but will usually run between 20 and 40% of In situe value. Let's use 20%. At 20% DE1 is worth 1.2B dollars all by its lonesome. Our current market cap does dot even give us our value for DE1. So anyone can see that until the market cap reaches 1.2B, we are a clear steal. The problem is, the market is so slow that by the time it reaches 1.2B, we will have DE2 figured out and will have hits on a few more eagles. I hope this helps you. Glorieux
Bullboard Posts