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 jeschemon Mar 01, 2008 8:47am

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Post# 14578409

RE: Somone Please Explain the Math

I thought DD2005's question on explain the math was reasonable and I thought glorieux's answer also reasonable. However, Westernkid your response contains a serious error and explanation on the term "market cap" You state "The bright bean counters have come up with a term market cap. It is used for their convenience and purposed. They can use it positively when they want to and negatively when it suits their needs" This statement is nonsense. Market cap is the value obtained when you multiply the shares outstanding with the price per share. So when the price per share changes, the market cap will change accordingly. No one is able to "manipulate" the market cap.

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