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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. > Paperwork to tender
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Comment by greasemonkieson Aug 24, 2021 1:52pm
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Post# 33755428

RE:RE:RE:RE:RE:RE:RE:Paperwork to tender

RE:RE:RE:RE:RE:RE:RE:Paperwork to tender

Your totally correct both are extremely valuable, my point is Noront has put themselves into a position of such debt to different entities that they are no longer in control of their destiny.
 I may own a 2 million dollar property, and I have a mortgage of 1 million dollars and they are calling in my loans and I have a short time to sell and pay my mortgage loans off (no one will continue to loan me money other than a very high mortgage company/loan shark. What is my house really worth at this time? 

I've said before that Cliffs acquisition was a great deal, but wrong time to buy it for Noront, as this has truly weighed them down in huge debt, if they get a loan to pay off the $60-70 million dollars they owe, what interest rates (huge) what other perks would they need to throw in to entice lender? Noront has run out of time/money/options. But again maybe Al/management can pull a rabbit out of a hat but I have zero confidence in Al or management any longer.
 GLTA ROF gamblers 

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