Here Is The Stock That Will Make Us Rich

lor · Jul 4, 2008

US stock market is closed today and NOSOF is HALTED on the Camadian market for this news release. Happy 4th everyone, Lor

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=pr>Press Release</TD><TD class=ps align=right>Source: Noront Resources Ltd.</TD></TR></TBODY></TABLE>

Another Windfall for Noront With High Grade on Initial Resource Estimates at Eagle One Deposit
Friday July 4, 8:30 am ET
TORONTO, ONTARIO--(Marketwire - July 4, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT - News) is pleased to report the results of an initial resource estimate by P&E Mining Consultants Inc. of Brampton Ontario on its recently discovered Eagle One Cu-Ni-PGE Deposit, lying within the Double Eagle Project located in the James Bay Lowlands, northeastern Ontario.
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</NOSCRIPT></TD></TR></TBODY></TABLE>The Eagle One resource model was derived from delineation drilling conducted during 2007/2008 that outlined a mantle derived, ultramafic intrusion ("the Ring of Fire Intrusion") hosting an elongated, steeply dipping lens of dominantly disseminated sulphides which encapsulate a smaller lens of high grade massive sulphides. The deposit remains open along strike and down dip for further expansion. These potential extensions will be the subject of an exploration program to commence shortly.
Significant sulphide mineralization was outlined on nominal 50-metre spaced sections over dip lengths of up to 225 metres that can be projected to 200 metres of strike length. Twenty-three (23) drill holes that intersected mineralization on these five sections form the basis of the resource estimate while an additional six (6) holes were incorporated to build the total geological model. Inverse distance squared grade interpolation was utilized to determine block model grades.
The identification of significant high grade massive and disseminated sulphide resources at Eagle One clearly demonstrate that systematic exploration of other targets in the Ring of Fire area will be the most significant creator of value for Noront. Given Eagle One's close proximity to the newly discovered Eagle Two occurrence and the nearby potentially large Chromite deposit, it is clear that this area will continue to be the centre of a highly focused exploration program.
The realization of very high Ni grades (6.5% to 7.0%) in the massive sulphide zone allows Noront to consider the possibility of first shipping unprocessed ore to a southern based concentrator/smelter complex. The construction of an on site concentrator for the disseminated mineralization would be accomplished out of operating cash flow under this scenario. This concept would be considered in an early preliminary economic assessment with minimal capital costs and an early production date, subject to all necessary consents, approvals, permits and land use requirements. While Noront would need to complete a feasibility study, prior to undertaking this direct shipping approach, management of Noront anticipates there would likely be potentially minimal impact to the environment and the mine development would provide road access to several local native communities currently with air access only.
The following table sets out, for the first time, an indicated mineral resource and an inferred mineral resource for the Eagle One project:

INITIAL MINERAL RESOURCE - EAGLE ONE PROJECT--------------------------------------------------------------------------Indicated Tonnes Ni% Cu% Au g/t Pt g/t Pd g/t Ag g/t NSR(i) $C/tonne--------------------------------------------------------------------------Massive 233,000 6.52 3.45 0.24 1.94 12.21 9.75 $1,631--------------------------------------------------------------------------Disseminated 1,601,000 1.30 0.85 0.14 1.00 2.70 2.94 $353--------------------------------------------------------------------------Total Indicated 1,834,000 1.96 1.18 0.15 1.12 3.91 3.81 $515----------------------------------------------------------------------------------------------------------------------------------------------------Inferred Tonnes Ni% Cu% Au g/t Pt g/t Pd g/t Ag g/t NSR(i) $C/tonne--------------------------------------------------------------------------Massive 217,000 7.00 2.86 0.18 3.00 11.75 8.70 $1,705--------------------------------------------------------------------------Disseminated 870,000 1.24 0.88 0.12 0.97 2.69 3.09 $341--------------------------------------------------------------------------Total Inferred 1,087,000 2.39 1.27 0.13 1.37 4.50 4.21 $614--------------------------------------------------------------------------(i) Net smelter royalty is calculated using the assumptions in note (1) below and after deducting shipping costs.</PRE>
(1) The resource for Eagle One was estimated on the basis of approximate $US three year trailing average metal prices of $12.00/lb nickel, $3.00/lb copper, $650/oz/gold, $1,250/oz platinum, $325/oz palladium and $12.00/oz silver and the $US exchange rate was $0.90. An NSR cut-off of $115/tonne for underground mining and milling was utilized to report the resource.
(2) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. There is no guarantee that Noront will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise for the project or that the project will be placed into production.
(3) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and further exploration drilling is required to determine whether they can be upgraded to an Indicated or Measured mineral resource category.
(4) The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.
(5) The effective date of the mineral resource estimate is July 3, 2008.
Eugene Puritch, P.Eng., Tracy Armstrong, P.Geo. and Antoine Yassa, P.Geo of P&E Mining Consultants Inc., are the authors of the Resource Estimate Technical Report on the Eagle One deposit to be filed within 45 days of this news release. They are independent Qualified Persons in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects, and have reviewed and are responsible for the information presented in this news release.
Assaying was performed by both ALS Chemex, (with sample preparation completed in Thunder Bay, Ontario and analyses completed at ALS Chemex in Vancouver, B.C.) and SGS Mineral Services in Toronto, Ontario where both preparation and analyses were undertaken. Base metal values were determined by using either 4-acid digest or lithium metaborate fusion with ICP-AES or ICP-OES analysis. Platinum, palladium and gold values were determined by 30 gram fire assay with ICP-AES finish. Silver assaying was undertaken with a three acid digest (aqua regia) followed by AAS. A very rigorous quality control program was set up and monitored on a real-time basis by the above mentioned independent QP's, and all assays used in this resource model fell within the quality control norms as determined by them.
With these new mineral resources on the Double Eagle Project at Eagle One in the McFauld's Lake area, Noront now has achieved the first milestone in the potential development of this asset.
In addition to now entering the pre-production phase Noront's exploration staff now in place, will continue its high priority exploration efforts on its very large land position around the potentially prolific Ring of Fire. Several diamond drills will be testing geophysical targets that have the potential to become additional feed for the processing facilities now to be considered by Noront in the McFauld's Lake camp.
Richard Nemis, CEO of Noront comments as follows: "With these 43-101 compliant mineral resources at Eagle One and our other exciting exploration projects in the McFauld's Lake area, coupled with our very recent discovery of additional course, visible gold mineralization in the current underground program at Windfall Lake in northern Quebec, our shareholders can see lots of light at the end of the tunnel. These developments indicate excellent potential for production revenues in the not too distant future. The main advantage of our current exploration effort is the minimal capital expenditures required and possible early lead time to begin obtaining production revenue from these resources."
These above forward looking statements are the views and objectives of Noront's current management team.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,804,783 shares issued to date.
This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".
Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
ON BEHALF OF THE BOARD OF DIRECTORS:
R. Nemis, President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact:

Richard NemisNoront Resources Ltd.President and Chief Executive Officer(416) 864-1456(416) 367-5444 (FAX)Email: info@norontresources.comWebsite: www.norontresources.com</PRE><HR align=left width=200 SIZE=0>Source: Noront Resources Ltd.

lor · Jul 4, 2008

<TABLE cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD><TD style="HEIGHT: 20px"></TD></TR><TR><TD class=text vAlign=top align=left>Attention Business Editors:
Investment Industry Regulatory Organization of Canada - Trading Halt - Noront Resources Ltd. - NOT


VANCOUVER, July 4 /CNW/ - The following issues have been halted byInvestment Industry Regulatory Organization of Canada (IIROC): Issuer Name: Noront Resources Ltd. TSX-V Ticker Symbol: NOT Time of Halt: 09:21 EDT Reason for Halt: Pending clarification of news</PRE>
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joelatti · Jul 4, 2008

Lor
I am pulling for you...You have kept the faith..Let's just hope that this new release doesn't act like the last 3 and the SP goes down again....The thing that gets me is even with this NR the stock STILL won't be $4! Heck it might not even be 3.50
Just 2 months ago it was 6.00

WTF??

lor · Jul 4, 2008

joelatti, Thanks for pulling for me! Owning NOSOF isn't for the weak of heart. I read on AB, that Noront is considering doing the mining of Eagle One themselves. That would make the new release's headline make sense: "Another Windfall for Noront..."I take that to mean: another project for Noront where they themselves would sell the ore into the market as they probably will do at Windfall.
I hope todays news release is the start of many more to come out of McFauld Lake Area. Probe & Fancamp are starting to drill on their claims on Monday and NOSOF should be releasing assay results for DE2. Things should start heating up and hopedully so will the SP.

lor · Jul 5, 2008

Here's a post from AB.

Onto the important item of the day.
I cannot remember this far back, but I believe this halt is the first since Hole 5 results were released last fall. I remember the euphoria of the day as Noront announced the 7% nickel over those great lengths. Then the share price dropped.
My first musing today is this. When it comes to Noront, good news does not always cause a price increase, and if past history is any indication, the price may fall first before going higher. Mind you, at $2.70 it would be hard to fall much more given what we learned today about the NSRs associated so far with DE1. Be prepared for anything on Monday but the best advice that has been stated on this board many times is too take a long turn approach with this one. Unlike many pop and drop day trades, this company is quickly approaching a production status whereby they move from purely an exploration company to one which will see profits from operations.
This is a rare thing.
Most juniors that hit it big tend to sell out to a major before they reach production. The reason is that it takes a lot of share dilution to raise the millions needed get to an operational status, and with dilution comes a loss of control. Once control is lost, takeovers are more likely.
Noront does not suffer this fate. The reason is the fortunate series of capital raising events which have taken place since late 2006. They have only had two private placements during that time. The first saw 30 million shares granted at .50 cents with 15 million warrants at .75. This brought in $22.5 million in 2007. In 2008, they placed another 6.5 million shares at a price of $4 to raise $26 million accompanied by another 2.5 million warrants being exercised in April for $12.5 million dollars.
I am not the best at math but in the last 18 months Noront has raised $61,000,000 in capital through IBK. I will never bash IBK as they are the protectors of Canadian Juniors, not only providing avenues to the capital markets but also on helping their clients avoid hostile takeovers. Check out their web site to see who their clients are and you will see Noront has partnered with them well.
I am not sure what the cash burn has been to date but I can guarantee that the Interest alone on this money is worth more than this company was worth just two years ago.
Today we have learned that they are ready to go all the way in what sounds like a short period of time.
Two world class properties being brought into production at the same time (production meaning the processing of ore for revenue). Gold, Nickel, Copper, Chromite, PGMs, all in an investment friendly and politically safe and sound country.
Which leads me to ask - why would anybody not invest in this company going into the long term? It is only a matter of time before we see lasting double digit share prices. The current share price is not an indication of value, but more a result of the really poor market performance overall. Last June saw the greatest June decrease in the US markets since the great depression. That was 70 years ago. But history shows that what goes down has always gone up, and once investor confidence returns, Noront will not rise with the market, but climb exponentially based on the business model they are cleverly building behind the scenes.
The highlight of today:
"Richard Nemis, CEO of Noront comments as follows: "With these 43-101 compliant mineral resources at Eagle One and our other exciting exploration projects in the McFauld's Lake area, coupled with our very recent discovery of additional course, visible gold mineralization in the current underground program at Windfall Lake in northern Quebec, our shareholders can see lots of light at the end of the tunnel. These developments indicate excellent potential for production revenues in the not too distant future. The main advantage of our current exploration effort is the minimal capital expenditures required and possible early lead time to begin obtaining production revenue from these resources."
It doesn't get any better than this. Regardless of SP over the next few days, weeks, and months, this one is destined for great things. Look for a listing on the TSX to follow soon. That will open up the stock to a new set of investors and mutual/pension funds who avoid the Venture.

lor · Jul 6, 2008

Here's an article by Peter Koven from the Fin. Post and then a post from AB. The next couple of weeks should be interesting for NOSOF and other jvs invovled with the Ring of Fire. Do any of you have any thoughts on Noront mining Eagle One themselves? Some post from AB say it will give Noront a steady cash flow to build roads & a smelter on site & NOSOF could harness 80% of the value from Eagle One, instead of receiving 20% to 30% if bought out by a major.

Peter Koven Financial Post article

Posted by: Notie Girl on July 05, 2008 12:10PM

Eagle One lands Noront 'good start' for mine
Nickel-Copper Find

Peter Koven, Financial Post
Published: Saturday, July 05, 2008

Industry experts are calling the first resource estimate from Noront Resources Ltd.' s Eagle One discovery a "good start," but will be watching for much more action in the months ahead to determine the future of the heavily hyped project.

Noront's initial resource for Eagle One was hotly anticipated, because the high-grade nickel-copper discovery ranks among the most promising Canada has seen in years. It triggered a big staking rush in the McFauld's Lake region in Northern Ontario last year that became the hottest topic in the junior mining world (the area is now known as the "Ring of Fire").

Noront reported an indicated and inferred resource from Eagle One yesterday of nearly three million tonnes of ore with an average grade of over 2% nickel. That includes smaller sections of about 200,000 tonnes grading more than 6.5% nickel.

While those grades are excellent, experts said this discovery on its own is not nearly big enough to justify building a mine at McFauld's Lake, especially since the remote area has no roads or power.

"Right now, they've got to expand very significantly to make this viable. It's a good starting point, but it needs a lot more work," said Dave Davidson, an analyst at Paradigm Capital.
However, the resource was also largely what investors expected. Eagle One is a very high-grade discovery, but it is relatively small.

To open up the area for potential mining, experts said it is likely a big discovery will have to be made. To date, there has been very little drilling by most of the junior companies in the region, and the Ring of Fire has lost momentum with investors.

The companies are finally going to ramp up drilling in the coming months, so the next round of results will be watched very closely. Geologists have pointed out that small deposits such as Eagle One are usually accompanied by much bigger ones.

"In my opinion, [the Eagle One resource] is just kind of a warm-up," said Warren Irwin, president of Rosseau Asset Management, which is a big investor in the Ring of Fire.

"The money's all raised and the companies all going to be out there aggressively spending it. And there are some great targets out there. All you need is the one big target to convince everyone that it will be the start of a new mining camp."

One advantage Noront has is that some of the ore from Eagle One is so high-grade it could potentially be shipped directly to a smelter in Sudbury without having to process it. Then the company could use the cash generated from that to build a concentrator at the site.

Noront shares were halted throughout the day and will resume trading next week.

pkoven@nationalpost.com

Black Swans and "Financial Post" article

Posted by: rek on July 05, 2008 04:33PM

Peter Koven's "Financial Post" article is a good example of being fooled by a positive "black swan": the reality of NOT.V and the Ring of Fire.
I explained "black swans" in earlier posts (June 27, 2008 12:18PM, and same day, 2:01 PM): they are highly improbable events of great consequence. They happen more often than most people think.
Merely because the NOT.V story appears improbable, some people believe the NOT.V story must be too good to be true. I wrote that such people "falsely conclude the NOT.V story is extreme hype over very rare, but very small, lucky strikes into tiny ore bodies."
Look at Koven's use of words implying NOT.V is hype:
"heavily hyped project," "hotly anticipated," "most promising ... in years," "hottest topic in the junior mining world," and "very high-grade discovery."
He then goes on to make it sound too good to be true by next listing several reasons for being skeptical, and waiting to invest:
"not nearly big enough," "remote area has no roads or power," "needs a lot more work," "relatively small," "there has been very little drilling," and "the Ring of Fire has lost momentum with investors."
As I said in my 6/27/08 2:01 PM post, "To believe the unbelievable (that is, to recognize a black swan early in the game), is beyond the risk-taking rules followed by most investors/traders."
By the time NOT.V and the Ring of Fire are proven, and widely accepted as being real, NOT.V's stock price will be in the double digits.
I write about "black swan investing" on this forum to help some readers here better understand that positive black swans like NOT.V do exist in reality. They provide once-in-a-lifetime opportunities to multiply your initial stake many times.
Rek

joelatti · Jul 7, 2008

Soemone please tell me how this stock is down today?? Best NR it could possibly have and it is DOWN again......I hope most of you guys got out when I said....I'm still stuck with 25% of my intial investment......

lor · Jul 7, 2008

Joelatti, The SP is very disappointing at this level, but all the markets were down today. NOSOF was up to $3.05 today and then pulled back with the rest of the falling market. I still believe in the long run this stock will make me and anyone that holds on allot of money. Here is a post from AB, which makes me NOT worrry about the present SP & I will sleep well tonight with my decision to stay long with NOSOF. Everyone has to do what is right for their own conferred level and risk, reward tolerance. I have allot of faith that with patience this stock will reward me. I've been wrong before and can be wrong again BUT with all I've learned about NOSOF I don't expect to be wrong.

Spoke to Richard Nemis

Posted by: rockstar on July 07, 2008 05:58PM

Good afternoon to all Not shareholders,
I started my conversation with thanking Richard and Company for doing an excellent job. I asked him to correct me if I was wronge, "When crunching the numbers that came from the Friday's PR, the SP should be trading at approx. $12.00 dollars. His response was "You Got It". Furthermore, he went on confirming that the numbers that came out of that P.R. translates to $2 Billion Dollars" Re doing the calculation using this figure brings the SP slighter higher to approx. $15.00. Richard also mentioned that one of the contributing factors on the SP could also be due to the depressed state that the markets are in. Richard went on about the possibilities of Eagle 2 being twice as big as Eagle 1, and more importantly the element of cromium discovered.
Folks, we are very close to ending this low SP chapter. Once the huge analysts start their number crunching process and realize the true value of our "NOT WINDFALL" the SP will start to reflect this and it will be the start of our next chapter.
Have a good night,

joelatti · Jul 7, 2008

LOR you ar correct we all have a 50-50 shot at being right or wrong and with DD hoprfully much higher...My point was to try and save some of my feloow rx'rs from losing some coin as i stated a while back...SELL NOSOF and if you really still like it you WILL be able to buy it back at below 3 dollars a share next month.....well with my DD....I can tell you that I will be buying shares at around 2.75-2.80 Tues. morning I think we have Bottomed SLOWLY accumulating shares...It is always good to dollar cost avg. your shares..SO if you want to buy 1000 shares buy 4 lots of 250 maybe spaced every 2 weeks as such

Lovetowin · Jul 7, 2008

Hey Lor how are you? I have been watching all of the goings on and I am way down. But, I am still holding the stock. I too, like you, am hoping that if I hold for the next 2 years that we will be rewarded for our effort and staying power. I just would like to see the stock stay above my highest buying point, $6.10 and I would just go away until 2010. Well, lets all hang tight and watch our baby climb to a decent amount and then just leave us alone until RN sells us to a major and we can ALL get out.

lor · Jul 9, 2008

Hi Lovetowin, Everything but this stock is going good. Hopefully we will be happy with our disicion to hold for the long term. With all I've read about Noront and all the project they have going on I can't beieve this stock won't see double digits. I wish I had funds available to buy more at this price. I am tempted to borrow against my 401k to buy more. 2 things stop me from doing it, it would take 1-2 weeks to get the money and by then the price could be allot higher and second, a very wise man told me "NEVER, NEVER, NEVER, NEVER. dollar cost average down on penny stocks, I hear of two or three people a year that do this wise move. once you have a positon you have two choices, sell, or hold....never buy more to average down" So, hopefully time & patience will be good to us, Lor

lor · Jul 9, 2008

Repost-Genuity Report.....enjoy...July 8th-just out

July 09, 2008

<TABLE><TBODY><TR><TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BORDER-LEFT-COLOR: #ece9d8; BORDER-BOTTOM-COLOR: #ece9d8; PADDING-BOTTOM: 0in; BORDER-TOP-COLOR: #ece9d8; PADDING-TOP: 0in; BACKGROUND-COLOR: transparent; BORDER-RIGHT-COLOR: #ece9d8" width=742>Investment thesis

• Eagle One resource in line with expectations – Noront has delivered the first indicated and inferred resource estimation for its Eagle One deposit, northern Ontario, Canada. We had forecast a 2.4mm t potential resource for the Eagle One deposit back in January 2008, and along with additional drilling an indicated and inferred 43-101, overall 2.9mm t resource has been documented by NOT at 2.1% Ni, 1.20% Cu, 1.20 g/t Pt, and 4.08 g/t Pd. Grades for the 450,000 tonne massive sulphide portion are exceptional and average 6.75% Ni, 3.17% Cu, 2.45 g/t Pt, and 11.99 g/t Pd.

• Potential direct shipping ore – The 0.45mm t massive sulphide mineralization (MSM) has an in situ gross metal value of approximately US$2,080/t or US$938mm (using medium term, forward curve metal prices of US$10/lb Ni, US$3.35 Cu, US$2,065/oz Pt, and US$516/oz Pd). Although the project is remote, the high unit value of the MSM has high potential to be direct shipping ore to a southern concentrator/smelter.

• VTEM survey in progress – Noront is re-flying the Double Eagle property with the VTEM airborne geophysical system. This is the superior direct detection system for nickel-copper massive sulphide mineralization.

• Catalysts will include Eagle One “expansion drilling” – Noront will now embark on drilling Eagle One to the south where it is still open. Eagle Two assays and drill results are pending along with results for other targets such as AT-6.

• We are in the process of modeling the 0.45mm t massive sulphide mineralization as potential “direct shipping ore” as part of an NPV DCF model. We reiterate our recommendation of NOT as a BUY with a target price of $7.00. Noront is Speculative and suitable for risk-tolerant investors only.

On July 4, 2008, Noront announced the first indicated and inferred resource estimation for its 100%-owned Eagle One nickel-copper-platinum-palladium deposit, Double Eagle project, James Bay lowlands, northern Ontario, Canada. Noront was halted and did not trade on July 4, 2008, as certain portions of the news release had to be revised as required by the TSX Venture regulators (i.e., the word “windfall” had to be removed from the title and the use of NSR dollar values for the mineralization had to be removed).
We have provided the results of the 43-101 compliant resource estimation in Exhibit 1. It was estimated by P&E Mining Consultants Inc. (independent consultants) and based on a $115/tonne cut-off for mining and milling. Note that we also provide an idea of the gross metal value (GMV) per tonne for the resources in Exhibit 1. We assumed medium term, forward curve metal prices of $10/lb Ni, $3.35/lb Cu, $2,065 Pt/oz, and $516 Pd/oz (all in U.S. dollars).
Note that because the gold was less than 0.25 g/t and silver, and less than 10 g/t for all mineralization types and categories, we decided not to include them in Exhibit 1.
Exhibit 1: Eagle One indicated and inferred resource estimation*
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Indicated