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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Post by rico91on Mar 30, 2015 2:40pm

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Post# 23577856

What is it?

After a nice run after the Cliffs buyout announcement, our SP has fallen back significantly. I fully expected some profit taking, but this amount of drop is excessive. So, what is it?
FN posturing I do not believe would cause any Noront believers to sell, especially after all the good news. Where are we with the Federal Gov,t?
Any announcement of cooperation between the 2 governments could result in a major SP spike.
So, is this not going to happen? Who would sell NOT with the real chance that the SP could explode at any time??
I realize that this is not going to happen overnight , but then again who knows when either a take out offer or an infrastructure announcement could turn this around big time.
Are we going down further or is this a great buying opportunity or is it both !!
Rico

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