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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.


OTCPK:NOSOF - Post by User

Noront Resources Ltd. > rs
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Comment by ForcedHysteriaon Dec 04, 2018 1:38pm
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Post# 29062453

RE:rs

RE:rsMaybe I am misunderstanding this but why in the world do you think a reverse split of 20 to 1 would make sense?

Mining companies such as Fortune Minerals who are in the same boat have not even considered a reverse split. The only time you should be really considering that is if you are about to be forcibly delisted (which is not the case) and even then, that normally spells trouble. Reverse splits are a mear accounting trick that is easily seen for what it is...

Maybe I am misunderstanding so if you could clarify your position on it?

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