Noront Resources Ltd. V.NOT

Primary Symbol: 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.

OTCPK:NOSOF - Post by User

Noront Resources Ltd.

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Comment by franzneumanon Jul 25, 2008 11:08am

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Post# 15329191

RE: Tic Tic Tic? - bk

I don't know about undervalued or overvalued at this point. Valuationsof NOT are all over the map, including the Genuity report itself whichranges from 90 cents to almost 8 dollars.

So, to talk about NOT being over or undervalued is outside of my ability.

In terms of the rumour and why it might be able to affect a 22% appreciation, that probably has nothing to do with anyone's valuation. It is, imo, simply a reflection of the perception that there is huge upside potential (which there is).

In terms of the number of shares traded, 100 shares could move the price 22% or more in theory.

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