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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. > Why did RCF sell?
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Comment by lou64on Sep 25, 2021 8:22am
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Post# 33918818

RE:RE:Why did RCF sell?

RE:RE:Why did RCF sell?

Did you calculate their value back in 2012 ???? 41.5 million shares @ 52 cents gives you 21.5 million cad and a loan of 15 million usd but they also received another 2 million usd cash which was forgiven for 1 % smelter rights ......

Wyloo paid 14.8 million cad and that 15 mill loan with 1 % smelting rights 

lost faith and took a bath .... understand the reasoning behind Wyloo's approach to XXXXX out management and board .... they see NO value 

https://norontresources.com/noront-closes-us2-0-million-bridge-loan-with-resource-capital-fund-v/

 

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