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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
Post by JGavinon Feb 01, 2011 2:00pm
239 Views
Post# 18056435

Nickel

NickelNickel up another 26 cents today. In the past 2 months almost 1.50 increase in value. This has added 660 million to the price of assets in the ground. Commodities are breaking out everywhere. Think what these assets are worth in a rising market..Did you know at 2 % Cu., 44 lbs. /ton, $4/lb, and 11 million tons the Cu is worth 1.8 billion dollars. If you take that historically companies sell for 10% of assets in the ground then Not is selling for the price of Cu alone. All that worth of Ni, Pt,pd. and chromite is not priced in the stockprice. All the potential in this large land position given no value.
         All this bashing of wes and others is funny. How many of you have found 11 million tons of 2% Ni, 2% Cu and  8gms. of pt. and pd. Donot forget the 15 million tons of chromite..  By historical standards this is a 3-4 dollar stock. It is good to see the bashers here. Their credibility is thin. When this asset valuation is realized they will just change their names and move on.
Bullboard Posts