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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 26, 2008 12:38am
432 Views
Post# 14836189

Since you are listing things you like

Since you are listing things you likeI like the money in the bank, close to 75 Million dollars. In these times of liquidity crunch, it is nice not to depend on anyone. We can drill as we please and do not have to go back to the market for 2 years...I like that a lot. Also like the fact that we do not have all our eggs in one basket. Of course the DE project gets all the attention (6% nickel over 67 meters with platinum, paladium and copper will do that) but the gold at some 52 OZ (not grams) per ton is very exciting and keeps our basket diversified. Another reason to like NOT. JP Morgan advising us also helps. They are probably behind the PP at 4$ which at the time was not appreciated by shareholders but now with the credit crunch can be viewed as genius. You get what you pay for when you get advisors. I am not sure what we pay JPMorgan but they are worth every penny with that kind of forsight. Glorieux
Bullboard Posts