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 Woodporteron Dec 06, 2010 5:18pm

315 Views

Post# 17808392

RE: RE: RE: RE: do we have a believer?

SHOS

Fixing your analysis:

Your two scenarios where the share price goes to $9:

1. Buy the warrants at $.50. If the share price gets to $9, you exercise and immediately sell at $9, less the $4 strike price, for a tidy return of $5, or 10 times your initial outlay of .50, which comes to a 900% gain.

2. Buy the shares outright at $1, and sell for a return of $9, or an 800% gain.

Slightly ahead with the warrant at these example prices. The breakeven price comes to slightly over $8.

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