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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

Comment by greasemonkieson Nov 19, 2019 11:14am
273 Views
Post# 30369493

RE:RE:My Question and an Honest one

RE:RE:My Question and an Honest oneBeing KWG holds the cheapest,environmentally friendly, solid state Chromite processing patents. This continued talk about Noront building a smelter is time and $ consuming false talk. Noront has lost control of their destiny and unless they get some positive news very soon (which they aren’t in control of) they will loose everything to RCF & Franco-Nevada. Acquisition of Cliffs Claims and property was a great deal, but wrong time and has financially handcuffed them and put Noront in a position where they have zero control of their destiny. Noront’s at a position of insolvency very soon and especially if any loans are called in?
KWG is broke and huge amount of shares (Noront’s at 1/2 billion themselves) KWG stock price is in the toilet (so is Noront’s and they are dropping daily now) , but KWG has zero debt and can eventually garner $ from natural gas reduction patents and N/S corridor, if this continues much longer Noront will be forced to capitulate. Let’s all hope that it’s not much longer as both companies may not be around and everyone who has invested will loose much $, GLTA GM
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