Well friends, we finally had a day that we all have been waiting for. NOSOF was up .74 cents today. A rumor about a hole coming up that was as good or better then DE-1. This may not keep but, it was great watching it happen this afternoon. LOR, where are you and I hope you saw what happen today. Long on NOSOF.
Here's a post from AB.
One more thing
Posted by: glorieux on July 25, 2008 10:05AM
About the my discussion yesterday
Management feels we will have the biggest Chrome mine in the world both in tonnage and in grade. Prof Mungall is currently preparing a report that will be included in the 43-101 full report (which is due no later than August 15th as per SEC regulations). The report will discuss the Chrome deposit, grade, size and this will allow management to discuss this Chrome story more appropriatly. The world is just not getting it right now. But when management is more excited about Chrome than 7% nickel and 52oz per ton gold, you know there is a big story here. Richard is staying behind right now. Neil Novak along with the new CFO have left for a promotional tour of the west coast of the US. This should bring in more big investors who will realize what we have.
Hold on tight to those shares...my sources are saying we will be getting 3 NR next week alone!!!
Glorieux
One more thing
Posted by: glorieux on July 25, 2008 10:05AM
About the my discussion yesterday
Management feels we will have the biggest Chrome mine in the world both in tonnage and in grade. Prof Mungall is currently preparing a report that will be included in the 43-101 full report (which is due no later than August 15th as per SEC regulations). The report will discuss the Chrome deposit, grade, size and this will allow management to discuss this Chrome story more appropriatly. The world is just not getting it right now. But when management is more excited about Chrome than 7% nickel and 52oz per ton gold, you know there is a big story here. Richard is staying behind right now. Neil Novak along with the new CFO have left for a promotional tour of the west coast of the US. This should bring in more big investors who will realize what we have.
Hold on tight to those shares...my sources are saying we will be getting 3 NR next week alone!!!
Glorieux
From AB
RN kept on talking the Chrome story: bigger than everyone think
Posted by: bernardho on July 25, 2008 10:58AM
In response to: Re: fyi Genuity Report - typo? by glorieux
Chrome mine,may be the first big discovery in North america..is situated in Noront area, I do think that SPQ, KWG Fwr , cos around Noront will be benefited by this discovery, since the report will be available before 15 Aug, any cos that have or can drill holes with Chromium will be benifited...SPQ and KWG are very much undervalued.
about the AT12 hole 3 , rumours compare it with hole 5 in eagle 1, I do believe we will not have that straightforward comparison until the assays result comes back in late September /October...
may be now the focus will be on the study of CR done by SPQ ; the Noront news about CR and the 43-101 report by Dr. Mungull on or before 15 August. ( 3 weeks to go )
BH
RN kept on talking the Chrome story: bigger than everyone think
Posted by: bernardho on July 25, 2008 10:58AM
In response to: Re: fyi Genuity Report - typo? by glorieux
Chrome mine,may be the first big discovery in North america..is situated in Noront area, I do think that SPQ, KWG Fwr , cos around Noront will be benefited by this discovery, since the report will be available before 15 Aug, any cos that have or can drill holes with Chromium will be benifited...SPQ and KWG are very much undervalued.
about the AT12 hole 3 , rumours compare it with hole 5 in eagle 1, I do believe we will not have that straightforward comparison until the assays result comes back in late September /October...
may be now the focus will be on the study of CR done by SPQ ; the Noront news about CR and the 43-101 report by Dr. Mungull on or before 15 August. ( 3 weeks to go )
BH
Hey guys, have been following this saga since the beginning. I worked w/ a gentleman who is a Agoracom board member , and he has been talking this up since last year.
Just curious, most of my trading is in options w/ SCOTTRADE, and I was hoping someone could let me know which symbol this trades at there (if at all). This looks interesting and i would like to start building a small position to the upside !!! Lor, tx for your tireless efforts, and bol w/ the new addition !!!
Just curious, most of my trading is in options w/ SCOTTRADE, and I was hoping someone could let me know which symbol this trades at there (if at all). This looks interesting and i would like to start building a small position to the upside !!! Lor, tx for your tireless efforts, and bol w/ the new addition !!!
Hi jimmyk, Welcome aboard & thanks for the bol wishes. At Scottrade you can buy under the symbol NOT.v (which is Canadian) by going through a broker or with an online account you can buy it with the symbol NOSOF (which is the US) Hope this help, I expect some exciting times coming with this stock in the next couple of weeks, months.... After the Noront and the Rinf of Fire story is over maybe you could give us some lessons on buying & selling options. I don't think my heart could take being involved with options & NOSOF at the same time.:missingte
no options on this stockwill have to buy it outright. No bid/ask listed so will need to call and see whats up. I can see a nice intermediate pop within the next 6 months !! Hopefully we see some interest from a major between now and then !!! Will try to get in at $3.35 , which is last price Scottrade has listed , and dollar cost avg. from there. Gl.......................any info/help greatly appreciated.
As far as options go , yeah, they can be hairy, but if you use the right approach, they are a nic eway to raise short-term captital I would be happy to share some thoughts from time to time if anyone is interested, gla, and tx again !!
Post from AB.
Why Nemis is excited about chromium values at Blackbird 1
Posted by: rodg45 on July 25, 2008 07:54PM
I've been checking chromium ore prices, and it looks like $400/tonne is the going rate for selling raw ore comparable to ours (containing about 40% Cr2O3 {i.e., chromic oxide}). So, just for digging it out of the ground and putting it on a ship somewhere will bring that price for the raw ore. However, chromic oxide is 68.42% chromium. The processed chromium out of a metric tonne of rock at our Blackbird 1 deposit would be about 25% of a metric tonne (multiplying 0.40 times 0.6842). Chromium is selling for around $13,000 per metric tonne. That means that the final product value of pure chromium processed from one tonne of this high grade chromium ore at Blackbird 1 is worth about $3,000. Remember, our best high grade chromite hole was 49 meters (and every every cubic meter of such rock would weigh about 2 to 2 1/2 tonnes).
To see prices to sell chromium ore comparable to ours (i.e., with aprox. 40% Cr2O3) click on the following links:
Why Nemis is excited about chromium values at Blackbird 1
Posted by: rodg45 on July 25, 2008 07:54PM
I've been checking chromium ore prices, and it looks like $400/tonne is the going rate for selling raw ore comparable to ours (containing about 40% Cr2O3 {i.e., chromic oxide}). So, just for digging it out of the ground and putting it on a ship somewhere will bring that price for the raw ore. However, chromic oxide is 68.42% chromium. The processed chromium out of a metric tonne of rock at our Blackbird 1 deposit would be about 25% of a metric tonne (multiplying 0.40 times 0.6842). Chromium is selling for around $13,000 per metric tonne. That means that the final product value of pure chromium processed from one tonne of this high grade chromium ore at Blackbird 1 is worth about $3,000. Remember, our best high grade chromite hole was 49 meters (and every every cubic meter of such rock would weigh about 2 to 2 1/2 tonnes).
To see prices to sell chromium ore comparable to ours (i.e., with aprox. 40% Cr2O3) click on the following links:
Re: Why Nemis is excited about chromium values at Blackbird 1
Posted by: glorieux on July 25, 2008 08:07PM
In response to: Why Nemis is excited about ... by rodg45
Hey Rodg...we missed ya!!! Nice comeback post. Yeah, it is easy to understand it when you put it like that. I guess this is why Richard so badly wants that 43-101 out. With the report from Dr. Mungall in the 43-101, discussing Chrome and comparing our chrome to Bushveld will now be allowed. The market will better grasp what we have. I got a PM earlier asking how I could be so certain of myself when I said a NR with the full report 43-101 was guaranteed within 3 weeks. The reason is simple: Regulations demand it! When a company writes a resource estimate 43-101, they then have 45 days to deliver the complete 43-101 report. So Noront will have a major NR within 3 weeks.
The next three weeks should see our SP appreciate as we get closer to this guaranteed major report.
Glorieux
Posted by: glorieux on July 25, 2008 08:07PM
In response to: Why Nemis is excited about ... by rodg45
Hey Rodg...we missed ya!!! Nice comeback post. Yeah, it is easy to understand it when you put it like that. I guess this is why Richard so badly wants that 43-101 out. With the report from Dr. Mungall in the 43-101, discussing Chrome and comparing our chrome to Bushveld will now be allowed. The market will better grasp what we have. I got a PM earlier asking how I could be so certain of myself when I said a NR with the full report 43-101 was guaranteed within 3 weeks. The reason is simple: Regulations demand it! When a company writes a resource estimate 43-101, they then have 45 days to deliver the complete 43-101 report. So Noront will have a major NR within 3 weeks.
The next three weeks should see our SP appreciate as we get closer to this guaranteed major report.
Glorieux
This was posted at AB.
Noront in the news
Posted by: seawind on July 26, 2008 12:22PM
Posted By GREGORY REYNOLDS (North Bay Nugget)
The results of a single diamond drill hole announced in August of 2007 set off a massive staking rush into the muskeg swamps of the James Bay Lowlands. Someone, after looking at a satellite picture of the area, came up with a name for it -- the Ring of Fire.
The name quickly became a part of Canadian mining lore and today more than 00 companies have holdings inside the ring.
It will take several hundred million dollars
to determine whether a new Sudbury Basin type base metal mining camp is being born but the promoters' hype is that it is so.
That original hole was pulled by a junior company that, as did so many other small exploration ventures, survived ups and downs over the years. Still, Noront Resources Ltd. persevered and it appears Lady Luck has finally asked it to the dance.
What is interesting about the Noront discovery, known as the McFaulds Lake area Double Eagle Project, is that the Aug. 28, 2007 announcement merely hinted at a big find.
Two holes had been drilled: Hole 1 had visible copper sulphide mineralization, hole 2 hit similar mineralization. The total mineralized sulphide zones in the two holes was 151.9 metres.
What drew other juniors to speculate about the drill program was the company saying that all unnecessary communication from the field camp has been curtailed, the local workers (drillers, pilots and First Nation workers) have been briefed on security measures that are now being implemented with respect to information discussion and release."
Someone knew something about the situation because veteran prospector and claim staker Ed Korba was at his country home outside of Iroquois Falls at 8 a. m. Aug. 28 when he got a call asking if he was available.
When he said he was, a mining official said a helicopter would pick him up at his home in a few hours and by 4.30 p. m. he was swinging an axe staking claims."
Within three days the Webequie Airport resembled Pearson International with the number of aircraft taking off and landing.
Ed has since worked for several mining companies.
Months later, Noront had completed 5,047 metres of diamond drilling in 27 drill holes and was able to announce that current drill results include 117 metres grading
4.1 per cent nickel, 2.2 per cent copper, 2.1 grams per tonne platinum, and 7.1 grams per tonne palladium beginning seven metres below the surface.
It was a wild ride for Noront and its shareholders in 2007 and it to 2008 as favourable results kept coming. In June, Noront was named to the 2008 TSX Venture 50, a ranking of Canada's top
emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the number one ranked company in the mining category.
The TSX Venture 50 identifies the top 10 companies in five major industry sectors, based on a ranking formula that includes revenue, return on
i nve stmen t , market cap growth and trading volume.
For Korba, being in a muskeg swamp fighting off mosquitoes, black flies, horseflies and other insects he can't even name, was nothing new. In the last 28 years, he has worked in Tibet, Norway,
Colorado, Labrador, Quebec and throughout Ontario. Muskeg comprises large (and often deep) puddles of water surrounding occasional clumps of solid ground.
The vegetation is cranberry-style shrubs and black spruce that stop growing between 15 and 20 feet.
You can walk about but with great difficulty," says Ed.
A few years back he decided the solution to the problem of walking through water and mire was to use solid snowshoes.
A lot of guys laughed at me when I started out on my snowshoes in the middle of summer but soon most of the men were using them in muskeg."
He estimates there is a 25 per cent saving in energy when one walks on snowshoes.
He recently led a party of five to Webequie, and when he came out for supplies, he talked about the rigours of working in the James Bay Lowlands.
By the time a drum of jet fuel is poured into a helicopter it costs around $800.
A large chopper will burn a drum an hour and all a small chopper gets is about two to two and an half hours."
It is expensive to provide food and shelter to a field crew but the companies know a major find is made maybe every 20 to 25 years and it's the devil that gets the hindmost in a staking rush.
For the men, the wages are good but working out-of-doors and having the independence of deciding when and where you will work is equally important.
Everything is done by chopper. Ed books one days in advance as the demand is putting a strain on available machines. His supply flight covered 630 km from Timmins to the First Nation village of Webequie. The ring is about 70 km east of Webequie.
There he rents rooms in an eight-bedroom crew house built by the band for visiting contractors and supply personnel.
For mining people it is a h e ave n -s e n t facility as are the airport and a six-room motel that sleeps 12.
All the rooms are constantly full but since there are several hundred men working on the various exploration sites, the bulk live in prospectors' tents.
These are usually 16 by 14 feet with a plywood floor on spruce logs and four feet high spruce walls topped by a canvas tent. These sleep four people and are heated by an oil furnace.
Every day a copper takes my party 30 to 90 km into the muskeg for a six to eight hour shift," Ed said.
Some men pack a lunch but others prefer to keep moving. You work in a cloud of mosquitoes and black flies. I wear a bug jacket (with a hood over the head) and lots of (insect repellent) on my skin.
Recently, I bent my arm and about a quarter inch of skin was revealed between my glove and my jacket and the mosquitoes got to me. It was painful." He grins when he recalls the
arrival of four summer students with Vale Inco, a subsidiary of Brazilian mining giant Vale.
They laughed at my crew on snowshoes in June but after a few hours in the muskeg being bitten by insects and being soaking wet, they saw the value of gliding over the bog rather than sloshing through it.
It is a cultural shock for university students from the south being dropped into a muskeg swamp but at least the company got them rooms in the village."
Webequie has a population of about 800 and the mining activity has produced many economic benefits.
Many band members get jobs with the mining companies. Ed always hires a cook-cleaner for the crew house and at least one claim staker-line cutter.
The flood of money being spent on exploration laps into many Northern communities.
Fixed-wing planes fly out of Timmins but helicopters come from everywhere.
Float planes fly in the bulk of supplies out of Nakina and Pickle Lake and groceries come from Thunder Bay.
Timmins supplies most of the ground workers, claim stakers, line cutters, diamond drillers, technologists and other mining experts.
While Noront gets the credit for putting the spotlight on the Ring of Fire, the actual credit should go to Monopros (former exploration arm of diamond giant DeBeers) that made the initial find drilling for gems.
It optioned the ground to Spider Resources Inc. and its partner, KWG Resources Inc. These two announced a base metal discovery in the area several years before Noront but no one paid attention to them.
Today, the roll call of companies in the area is impressive; Metalex Ventures Corp., Freewest Resources Canada Inc., Canadian Orebodies Inc. (Don McKinnon of Hemlo gold discovery fame and his son Gordon), East West Resources Corp., Mill City Gold Corp., MacDonald Mines Exploration Ltd., Probe Mines Ltd., Temex Resources Corp. and Diamondex Resources Ltd. to name a few of the 100-plus.
Noront in the news
Posted by: seawind on July 26, 2008 12:22PM
Posted By GREGORY REYNOLDS (North Bay Nugget)
The results of a single diamond drill hole announced in August of 2007 set off a massive staking rush into the muskeg swamps of the James Bay Lowlands. Someone, after looking at a satellite picture of the area, came up with a name for it -- the Ring of Fire.
The name quickly became a part of Canadian mining lore and today more than 00 companies have holdings inside the ring.
It will take several hundred million dollars
to determine whether a new Sudbury Basin type base metal mining camp is being born but the promoters' hype is that it is so.
That original hole was pulled by a junior company that, as did so many other small exploration ventures, survived ups and downs over the years. Still, Noront Resources Ltd. persevered and it appears Lady Luck has finally asked it to the dance.
What is interesting about the Noront discovery, known as the McFaulds Lake area Double Eagle Project, is that the Aug. 28, 2007 announcement merely hinted at a big find.
Two holes had been drilled: Hole 1 had visible copper sulphide mineralization, hole 2 hit similar mineralization. The total mineralized sulphide zones in the two holes was 151.9 metres.
What drew other juniors to speculate about the drill program was the company saying that all unnecessary communication from the field camp has been curtailed, the local workers (drillers, pilots and First Nation workers) have been briefed on security measures that are now being implemented with respect to information discussion and release."
Someone knew something about the situation because veteran prospector and claim staker Ed Korba was at his country home outside of Iroquois Falls at 8 a. m. Aug. 28 when he got a call asking if he was available.
When he said he was, a mining official said a helicopter would pick him up at his home in a few hours and by 4.30 p. m. he was swinging an axe staking claims."
Within three days the Webequie Airport resembled Pearson International with the number of aircraft taking off and landing.
Ed has since worked for several mining companies.
Months later, Noront had completed 5,047 metres of diamond drilling in 27 drill holes and was able to announce that current drill results include 117 metres grading
4.1 per cent nickel, 2.2 per cent copper, 2.1 grams per tonne platinum, and 7.1 grams per tonne palladium beginning seven metres below the surface.
It was a wild ride for Noront and its shareholders in 2007 and it to 2008 as favourable results kept coming. In June, Noront was named to the 2008 TSX Venture 50, a ranking of Canada's top
emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the number one ranked company in the mining category.
The TSX Venture 50 identifies the top 10 companies in five major industry sectors, based on a ranking formula that includes revenue, return on
i nve stmen t , market cap growth and trading volume.
For Korba, being in a muskeg swamp fighting off mosquitoes, black flies, horseflies and other insects he can't even name, was nothing new. In the last 28 years, he has worked in Tibet, Norway,
Colorado, Labrador, Quebec and throughout Ontario. Muskeg comprises large (and often deep) puddles of water surrounding occasional clumps of solid ground.
The vegetation is cranberry-style shrubs and black spruce that stop growing between 15 and 20 feet.
You can walk about but with great difficulty," says Ed.
A few years back he decided the solution to the problem of walking through water and mire was to use solid snowshoes.
A lot of guys laughed at me when I started out on my snowshoes in the middle of summer but soon most of the men were using them in muskeg."
He estimates there is a 25 per cent saving in energy when one walks on snowshoes.
He recently led a party of five to Webequie, and when he came out for supplies, he talked about the rigours of working in the James Bay Lowlands.
By the time a drum of jet fuel is poured into a helicopter it costs around $800.
A large chopper will burn a drum an hour and all a small chopper gets is about two to two and an half hours."
It is expensive to provide food and shelter to a field crew but the companies know a major find is made maybe every 20 to 25 years and it's the devil that gets the hindmost in a staking rush.
For the men, the wages are good but working out-of-doors and having the independence of deciding when and where you will work is equally important.
Everything is done by chopper. Ed books one days in advance as the demand is putting a strain on available machines. His supply flight covered 630 km from Timmins to the First Nation village of Webequie. The ring is about 70 km east of Webequie.
There he rents rooms in an eight-bedroom crew house built by the band for visiting contractors and supply personnel.
For mining people it is a h e ave n -s e n t facility as are the airport and a six-room motel that sleeps 12.
All the rooms are constantly full but since there are several hundred men working on the various exploration sites, the bulk live in prospectors' tents.
These are usually 16 by 14 feet with a plywood floor on spruce logs and four feet high spruce walls topped by a canvas tent. These sleep four people and are heated by an oil furnace.
Every day a copper takes my party 30 to 90 km into the muskeg for a six to eight hour shift," Ed said.
Some men pack a lunch but others prefer to keep moving. You work in a cloud of mosquitoes and black flies. I wear a bug jacket (with a hood over the head) and lots of (insect repellent) on my skin.
Recently, I bent my arm and about a quarter inch of skin was revealed between my glove and my jacket and the mosquitoes got to me. It was painful." He grins when he recalls the
arrival of four summer students with Vale Inco, a subsidiary of Brazilian mining giant Vale.
They laughed at my crew on snowshoes in June but after a few hours in the muskeg being bitten by insects and being soaking wet, they saw the value of gliding over the bog rather than sloshing through it.
It is a cultural shock for university students from the south being dropped into a muskeg swamp but at least the company got them rooms in the village."
Webequie has a population of about 800 and the mining activity has produced many economic benefits.
Many band members get jobs with the mining companies. Ed always hires a cook-cleaner for the crew house and at least one claim staker-line cutter.
The flood of money being spent on exploration laps into many Northern communities.
Fixed-wing planes fly out of Timmins but helicopters come from everywhere.
Float planes fly in the bulk of supplies out of Nakina and Pickle Lake and groceries come from Thunder Bay.
Timmins supplies most of the ground workers, claim stakers, line cutters, diamond drillers, technologists and other mining experts.
While Noront gets the credit for putting the spotlight on the Ring of Fire, the actual credit should go to Monopros (former exploration arm of diamond giant DeBeers) that made the initial find drilling for gems.
It optioned the ground to Spider Resources Inc. and its partner, KWG Resources Inc. These two announced a base metal discovery in the area several years before Noront but no one paid attention to them.
Today, the roll call of companies in the area is impressive; Metalex Ventures Corp., Freewest Resources Canada Inc., Canadian Orebodies Inc. (Don McKinnon of Hemlo gold discovery fame and his son Gordon), East West Resources Corp., Mill City Gold Corp., MacDonald Mines Exploration Ltd., Probe Mines Ltd., Temex Resources Corp. and Diamondex Resources Ltd. to name a few of the 100-plus.
Post from AB.
Last chance to buy at these low prices!
Posted by: TooHotToHandle on July 28, 2008 03:28PM
Could be tomorrow, could be in the next week or so, but one thing is for certain, it will be before August 15th.
If there is no release by tomorrow morning the sp will drop below $3.00 but just temporarily...but if there is any sort of an announcement in line with what we have been hearing of late, the sp will see a spike into the $4 plus range.
A strike at AT12 is one thing, but my gut is telling me that its the chrome report that will take us to the next level and into double digits....this will definitely wake up the Crazy man. My sources are hearing wispers that the Chrome deposit will be worth multiples of E1...in excess of $10B, but don't want to sound too optimistic. I would rather see it in a news release before I believe it.
Nonetheless, as you all know, this stock will be TOOHOTTOHANDLE....very soon.
t - 18 days at the very latest!
Last chance to buy at these low prices!
Posted by: TooHotToHandle on July 28, 2008 03:28PM
Could be tomorrow, could be in the next week or so, but one thing is for certain, it will be before August 15th.
If there is no release by tomorrow morning the sp will drop below $3.00 but just temporarily...but if there is any sort of an announcement in line with what we have been hearing of late, the sp will see a spike into the $4 plus range.
A strike at AT12 is one thing, but my gut is telling me that its the chrome report that will take us to the next level and into double digits....this will definitely wake up the Crazy man. My sources are hearing wispers that the Chrome deposit will be worth multiples of E1...in excess of $10B, but don't want to sound too optimistic. I would rather see it in a news release before I believe it.
Nonetheless, as you all know, this stock will be TOOHOTTOHANDLE....very soon.
t - 18 days at the very latest!
Tuesday morning thoughts from tradingChief.
<TABLE width="100%"><TBODY><TR><TD>Tuesday morning thoughts</TD><TD align=right>
</TD></TR></TBODY></TABLE>
Good morning. Overseas the major Asian and European indices are a sea of red. Once again financial stocks are leading the blood bath. This time the spark for the financial stock sell off, was caused by Merrill Lynch, after they unveiled a $5.7 billion writedown. Market sentiment for the financial stocks is very concerned, we will see more banking writedowns, in the next two or three months. Strong results from the energy stocks, is the one bright spot in the market, or the global indices sell off, would be much worse. There is not much on the economic calendar, to stem the blood letting, as we only have the Consumer Confidence numbers at 10 am, on the agenda, for today. The early futures numbers are pointing to another down opening for the US indices.
Back in McFaulds Lake, it was another day of no news, from NOT. However, NOT bucked the market trend and closed even for the day, but had one of its lowest volume days in months. The rumour of NOT hitting another monster hole at AT-12, apparently has the market in wait and see mode, as many investors are holding on, with the knowledge that good news, could be announced at any time. With the 13(MA) at $3.02 and the 50(MA) at $3.45, NOT's share price is consolidating in between these important support and resistance areas. At some point, as these (MA)'s converge, a breakout one way or the other will happen. Obviously news from NOT will be the catalyst on which way the stock breaks. If NOT can break out atop its 50(MA) and hold the $3.45 level, the 50(MA), would become support and there is nothing but blue sky, all the way to the resistance of it's 100(MA) around the $4.40 mark.
On deck for NOT we could be getting a news release at any time, on the visuals from AT-12, or an expected news release on a 43-101, from the chrome deposit of Blackbird One. The 43-101 is badly needed, so investors can finally put a valuation on the chrome deposit and it will help to put a floor on NOT's share price. At this point in NOT's discovery stage, its all about tonnage. Tonnage is the deciding factor if there is enough value in the ground to make a mine viable. The AT-12 news, if it as good as the rumours, could/should be the spark that takes NOT's share price to the next level. At current share prices, it is my opinion that investors will do very well shortly. NOT has so many irons in the fire, it is hard to imagine the share price staying this cheap much longer. JMHO
Word out of FNC is drilling is expected to commence on Friday. Peter Smith will give us a news release to announce once drilling has actually started. It is also expected that FNC will split off into 2 separate companies shortly. One will be the old FNC, with its McFaulds Lake property and the new one, will be for the Magpie Mining iron ore deposit. For each share of FNC that you currently own, you will end up with, one new share of Magpie. Once drilling is announced, via a news release from Smith, my bet is we see some speculative fever and FNC's share price will get volatile. With only 27.5 million o/s shares and close to half of them in insiders hands, this play should get exciting on expectations of finding the motherlode on FNC's property. A hit by FNC and investors can put the tonnage issue with NOT, to bed, once and for all. My plan is to take a position in FNC sometime this week.
The three letters, PRB, spells out frustration. There is just a total lack of investor excitement with this stock currently. The volume has been anemic, at best, and the expected speculative fever just hasn't occurred. The McFaulds West property with its current drill program has failed to live up to expectations, so far. We should be getting a visual update from Palmer at any time. I would imagine that drilling is finished or very near to being completed. Palmer has promised us a news release for a visual update, once drilling has been completed on this property. I realize Palmer runs a tight ship, but we have heard no rumours, no leaks, no nothing, ever since they started drilling McFaulds West. The market could use a big surprise from PRB, to shake up the entire McFaulds Lake investment scene. Currently investors are off chasing the Sask coal plays and McFaulds Lake is on the back burner. Hopefully there is room for both of these plays to take off.
FWR is still struggling to get its share price over the $.30 level. Lots of paper that needs to be cleaned up at the $.30 and $.35 levels from past PP's. FWR has some excellent looking properties in McFaulds Lake and once this PP paper is cleaned up, it is hard to imagine the share price staying down at current share price levels. FWR and NOT are two very close knitted stocks, they even share some JV's, with soon to be announced, drilling plans. I still believe FWR is an excellent stock to own, for those with a longer time frame. This is most likely a great opportunity to get some shares on the cheap, while this PP mess is cleaned up. It is possible the share price is being held down because another PP is in the works. Food for thought.
Yesterday we got a news release from TME announcing they plan to start a drill program on August 5th on one of their many properties in McFaulds Lake. The plan is to drill 20 separate high priority geophysical targets with this drill program. None of the properties have any history of being drill tested, so investors may be in for a few surprises shortly. TME is definitely a stock to put on your radar, as we should be getting lots of news over the next month or so from this stock.
UC also announced drilling plans in McFaulds Lake yesterday. Drilling will commence some time in the 3rd quarter, so investors have lots of time to start a position in this stock.
With so many drilling programs under way or about to start shortly, it is only a matter of time before someone makes a significant discovery in McFaulds Lake. These companies aren't spending hundreds of million of dollars on a whim. They all think they have a shot at discovering something of significance or they wouldn't be here. It has occurred to me, we need to start a list, complete with time frames for drilling, so we can better follow some of the many McFaulds Lake stocks. If anyone knows of a stock that I don't cover on a regular basis, that is currently drilling or about to shortly, please give this board an update. Once we have amassed all the info, I will put out a list, to keep the many readers of this board, informed on which stocks, we should be watching.
Once again, anyone who wants to take a closer look at all that the TradingChief website has to offer, give me a shout, via PM, or email. I will try and set you up with a trial. Take my word for it, this site is the best site on the internet to help you make informed investment decisions. It doesn't matter if you are a daytrader, a swing trader or a long term investor. The boss here is old and a little slow, so we may be able to slip one by him and give you a free look, that without a doubt will be one of the best investment decisions you ever make. JMHO
alcollard@execulink.com is my email, or just Inbox me at the top left hand corner of this page.
Best of luck to all McFaulds Lake investors.
Al
<TABLE width="100%"><TBODY><TR><TD>Tuesday morning thoughts</TD><TD align=right>
Good morning. Overseas the major Asian and European indices are a sea of red. Once again financial stocks are leading the blood bath. This time the spark for the financial stock sell off, was caused by Merrill Lynch, after they unveiled a $5.7 billion writedown. Market sentiment for the financial stocks is very concerned, we will see more banking writedowns, in the next two or three months. Strong results from the energy stocks, is the one bright spot in the market, or the global indices sell off, would be much worse. There is not much on the economic calendar, to stem the blood letting, as we only have the Consumer Confidence numbers at 10 am, on the agenda, for today. The early futures numbers are pointing to another down opening for the US indices.
Back in McFaulds Lake, it was another day of no news, from NOT. However, NOT bucked the market trend and closed even for the day, but had one of its lowest volume days in months. The rumour of NOT hitting another monster hole at AT-12, apparently has the market in wait and see mode, as many investors are holding on, with the knowledge that good news, could be announced at any time. With the 13(MA) at $3.02 and the 50(MA) at $3.45, NOT's share price is consolidating in between these important support and resistance areas. At some point, as these (MA)'s converge, a breakout one way or the other will happen. Obviously news from NOT will be the catalyst on which way the stock breaks. If NOT can break out atop its 50(MA) and hold the $3.45 level, the 50(MA), would become support and there is nothing but blue sky, all the way to the resistance of it's 100(MA) around the $4.40 mark.
On deck for NOT we could be getting a news release at any time, on the visuals from AT-12, or an expected news release on a 43-101, from the chrome deposit of Blackbird One. The 43-101 is badly needed, so investors can finally put a valuation on the chrome deposit and it will help to put a floor on NOT's share price. At this point in NOT's discovery stage, its all about tonnage. Tonnage is the deciding factor if there is enough value in the ground to make a mine viable. The AT-12 news, if it as good as the rumours, could/should be the spark that takes NOT's share price to the next level. At current share prices, it is my opinion that investors will do very well shortly. NOT has so many irons in the fire, it is hard to imagine the share price staying this cheap much longer. JMHO
Word out of FNC is drilling is expected to commence on Friday. Peter Smith will give us a news release to announce once drilling has actually started. It is also expected that FNC will split off into 2 separate companies shortly. One will be the old FNC, with its McFaulds Lake property and the new one, will be for the Magpie Mining iron ore deposit. For each share of FNC that you currently own, you will end up with, one new share of Magpie. Once drilling is announced, via a news release from Smith, my bet is we see some speculative fever and FNC's share price will get volatile. With only 27.5 million o/s shares and close to half of them in insiders hands, this play should get exciting on expectations of finding the motherlode on FNC's property. A hit by FNC and investors can put the tonnage issue with NOT, to bed, once and for all. My plan is to take a position in FNC sometime this week.
The three letters, PRB, spells out frustration. There is just a total lack of investor excitement with this stock currently. The volume has been anemic, at best, and the expected speculative fever just hasn't occurred. The McFaulds West property with its current drill program has failed to live up to expectations, so far. We should be getting a visual update from Palmer at any time. I would imagine that drilling is finished or very near to being completed. Palmer has promised us a news release for a visual update, once drilling has been completed on this property. I realize Palmer runs a tight ship, but we have heard no rumours, no leaks, no nothing, ever since they started drilling McFaulds West. The market could use a big surprise from PRB, to shake up the entire McFaulds Lake investment scene. Currently investors are off chasing the Sask coal plays and McFaulds Lake is on the back burner. Hopefully there is room for both of these plays to take off.
FWR is still struggling to get its share price over the $.30 level. Lots of paper that needs to be cleaned up at the $.30 and $.35 levels from past PP's. FWR has some excellent looking properties in McFaulds Lake and once this PP paper is cleaned up, it is hard to imagine the share price staying down at current share price levels. FWR and NOT are two very close knitted stocks, they even share some JV's, with soon to be announced, drilling plans. I still believe FWR is an excellent stock to own, for those with a longer time frame. This is most likely a great opportunity to get some shares on the cheap, while this PP mess is cleaned up. It is possible the share price is being held down because another PP is in the works. Food for thought.
Yesterday we got a news release from TME announcing they plan to start a drill program on August 5th on one of their many properties in McFaulds Lake. The plan is to drill 20 separate high priority geophysical targets with this drill program. None of the properties have any history of being drill tested, so investors may be in for a few surprises shortly. TME is definitely a stock to put on your radar, as we should be getting lots of news over the next month or so from this stock.
UC also announced drilling plans in McFaulds Lake yesterday. Drilling will commence some time in the 3rd quarter, so investors have lots of time to start a position in this stock.
With so many drilling programs under way or about to start shortly, it is only a matter of time before someone makes a significant discovery in McFaulds Lake. These companies aren't spending hundreds of million of dollars on a whim. They all think they have a shot at discovering something of significance or they wouldn't be here. It has occurred to me, we need to start a list, complete with time frames for drilling, so we can better follow some of the many McFaulds Lake stocks. If anyone knows of a stock that I don't cover on a regular basis, that is currently drilling or about to shortly, please give this board an update. Once we have amassed all the info, I will put out a list, to keep the many readers of this board, informed on which stocks, we should be watching.
Once again, anyone who wants to take a closer look at all that the TradingChief website has to offer, give me a shout, via PM, or email. I will try and set you up with a trial. Take my word for it, this site is the best site on the internet to help you make informed investment decisions. It doesn't matter if you are a daytrader, a swing trader or a long term investor. The boss here is old and a little slow, so we may be able to slip one by him and give you a free look, that without a doubt will be one of the best investment decisions you ever make. JMHO
alcollard@execulink.com is my email, or just Inbox me at the top left hand corner of this page.
Best of luck to all McFaulds Lake investors.
Al
Here's a post from AB.
An intro to Noront potential investors
Posted by: glorieux on July 29, 2008 09:39AM
I have been advised by legal counsel that the challenge, as first presented could have some legal repercussions. So the focus has to change. The information presented here is for anyone who wishes to help new Noront investor's jump start their due diligence process. Alot of important information is summarized in here with links to more expanded versions. If you feel you know someone that may be interested in investing in Noront and you wish to help them with starting their DD, please pass this along.
Those who wish to volunteer to register their shares at stopmarketmanipulation@live.com can continue to do so. These shares will be considered "long" and in support of management. In the event that management needs the support of shareholder's, the list will be used to contact individuals. Management will also be notified of number of retail shares they can count on to support them.
Sincerely,
Glorieux
TORONTO, ONTARIO - (June 24, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is very pleased to announce it has been named to the 2008 TSX Venture 50, a ranking of Canada's top emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the #1 ranked company in the mining category.
http://www.agoracom.com/ir/Noront/me...
Great companies start with great management:
Mr. Richard Nemis, LL. B. continues in his role as President and Chief Executive Officer of Noront, an office he has held since 1980. Mr. Nemis was also president and CEO of Central Crude Ltd. until its merger to become River Gold Mines Inc. During the period in which Mr. Nemis was its President, Central Crude was instrumental in the development of two gold deposits, namely the Eagle River deposit near Mishibishu Lake (south of Hemlo, Ontario), currently operated by River Gold Mines Ltd. (changed name to Wesdome Gold Mines Ltd.), and the Moss Lake gold deposit near Thunder Bay area, Ontario.
Mr. John Harvey, (P.Eng.), formerly Executive Vice President of Noront, has been appointed Chief Operating Officer of Noront. Mr. Harvey worked with Noranda Inc. from the early 1960s and was President of Noranda Exploration from 1982 until his early retirement in 1994. He was also President of Hemlo Gold Mines from 1989 until 1992. Before Noranda, Mr. Harvey was VP - Exploration for Mattagami Lake Mines which merged with Noranda in 1982.
Mr. Neil D. Novak, (P.Geo.), originally joined the Board of Noront in 2001 and was appointed VP Exploration in November 2007. In recognition of his long-standing relationship with Aboriginal peoples throughout his career, Neil Novak has been appointed Vice-President Corporate and Aboriginal Affairs for Noront. Mr. Novak's professional experience has spanned exploration projects in uranium, gold, diamonds and other precious metals, as well as base metals.
http://www.agoracom.com/ir/Noront/me...
These are the latest addition to our management team:
Kevin Feeney, C.A., has been appointed Chief Financial Officer of the company. Mr. Feeney brings significant financial and strategic experience to the Noront team. Most recently, in his capacity as Vice President, North American Investments, Finance and Operations for Sun Life Financial Corporation, he was responsible for designing and implementing processes to support Sun Life's North American investment business. Mr. Feeney was also a corporate design specialist in his role as Chief Financial Officer and Senior Vice President of Labatt Breweries of Canada (Interbrew S.A.) and was a key member of the Interbrew global acquisition team that completed the USD$11B transaction with Ambev, that resulted in a significant consolidation of the global beer industry. Mr. Feeney also held various positions with the Trimark group of companies, including that of Chief Financial Officer and Executive Vice-President for Trimark Investment Management Inc.
Dr. James E. Mungall Ph.D., P.Geo., joined the Noront team as a consultant in October of 2007. He has been appointed Chief Geologist. Dr Mungall's professional experience has included consulting and research work on magmatic Ni-Cu-Co-PGE deposits, chromitite, magmatic Fe-Ti-V and IOCG and rare-element granites.
Dr Mungall received M.Sc. and Ph.D degrees from McGill University and has worked extensively in the exploration business as a consultant since 1996. In 1999 he was appointed Assistant Professor of Economic Geology at the University of Toronto. He was promoted to Associate Professor in 2005 and was named Norman Keevil Chair of Ore Genesis in 2007.
As you can see by their resumés, these are highly qualified individuals, leaving prominent posts to join our great company.
http://www.agoracom.com/ir/Noront/me...
Our main projects:
Windfall:
Advanced drilling (over 200 holes to date) has outlined a number of high grade gold zones at various depths including 4.8 meters of 52.3 ounces per ton of gold.
This project currently covers two adjacent claim blocks (1,440 hectares) of which Noront holds a 100% interest. A ramp is currently being built to further assess these gold zone and help prepare a NI 43-101 for this property.
http://www.agoracom.com/ir/Noront/me...
Double Eagle Project:
Current drill results include 117 meters grading 4.1% nickel, 2.2% copper, 2.1 grams per tonne platinum, and 7.1 grams per tonne palladium beginning 7 meters below the surface.
NI 43-101 Resource estimate for Eagle 1:
The following table sets out, for the first time, an indicated mineral resource and an inferred mineral resource for the Eagle One project:
http://www.agoracom.com/ir/Noront/me...
This table yield a GMV of 2.1 Billion dollars for Eagle one which remains open on strike and at depth.
The full NI-43-101 report is due on August 18<SUP>th</SUP> 2008. This major report will includes a special report prepared by Dr. Jim Mungall where he will discuss the importance of the huge chrome section found at Eagle 2. As important and impressive as the gold at Windfall and the Nickel at Eagle 1 is, the company thinks the chrome will be the biggest story. With intercepts of 49.4 meters thick and grades of Cr2O3 of 39.1%, this has the possibility to be the world biggest Chrome deposit.
The area of Eagle 1 has been dubbed the Ring of Fire of which Noront now owns over 1,600 sq kilometers. Over 30 juniors have staked claims into the area located in northern Ontario, Canada and committed over 50 Million in drilling this year and over 250 million next year.
An intro to Noront potential investors
Posted by: glorieux on July 29, 2008 09:39AM
I have been advised by legal counsel that the challenge, as first presented could have some legal repercussions. So the focus has to change. The information presented here is for anyone who wishes to help new Noront investor's jump start their due diligence process. Alot of important information is summarized in here with links to more expanded versions. If you feel you know someone that may be interested in investing in Noront and you wish to help them with starting their DD, please pass this along.
Those who wish to volunteer to register their shares at stopmarketmanipulation@live.com can continue to do so. These shares will be considered "long" and in support of management. In the event that management needs the support of shareholder's, the list will be used to contact individuals. Management will also be notified of number of retail shares they can count on to support them.
Sincerely,
Glorieux
TORONTO, ONTARIO - (June 24, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is very pleased to announce it has been named to the 2008 TSX Venture 50, a ranking of Canada's top emerging public companies listed on TSX Venture Exchange. Within the TSX Venture 50, Noront Resources was the #1 ranked company in the mining category.
http://www.agoracom.com/ir/Noront/me...
Great companies start with great management:
Mr. Richard Nemis, LL. B. continues in his role as President and Chief Executive Officer of Noront, an office he has held since 1980. Mr. Nemis was also president and CEO of Central Crude Ltd. until its merger to become River Gold Mines Inc. During the period in which Mr. Nemis was its President, Central Crude was instrumental in the development of two gold deposits, namely the Eagle River deposit near Mishibishu Lake (south of Hemlo, Ontario), currently operated by River Gold Mines Ltd. (changed name to Wesdome Gold Mines Ltd.), and the Moss Lake gold deposit near Thunder Bay area, Ontario.
Mr. John Harvey, (P.Eng.), formerly Executive Vice President of Noront, has been appointed Chief Operating Officer of Noront. Mr. Harvey worked with Noranda Inc. from the early 1960s and was President of Noranda Exploration from 1982 until his early retirement in 1994. He was also President of Hemlo Gold Mines from 1989 until 1992. Before Noranda, Mr. Harvey was VP - Exploration for Mattagami Lake Mines which merged with Noranda in 1982.
Mr. Neil D. Novak, (P.Geo.), originally joined the Board of Noront in 2001 and was appointed VP Exploration in November 2007. In recognition of his long-standing relationship with Aboriginal peoples throughout his career, Neil Novak has been appointed Vice-President Corporate and Aboriginal Affairs for Noront. Mr. Novak's professional experience has spanned exploration projects in uranium, gold, diamonds and other precious metals, as well as base metals.
http://www.agoracom.com/ir/Noront/me...
These are the latest addition to our management team:
Kevin Feeney, C.A., has been appointed Chief Financial Officer of the company. Mr. Feeney brings significant financial and strategic experience to the Noront team. Most recently, in his capacity as Vice President, North American Investments, Finance and Operations for Sun Life Financial Corporation, he was responsible for designing and implementing processes to support Sun Life's North American investment business. Mr. Feeney was also a corporate design specialist in his role as Chief Financial Officer and Senior Vice President of Labatt Breweries of Canada (Interbrew S.A.) and was a key member of the Interbrew global acquisition team that completed the USD$11B transaction with Ambev, that resulted in a significant consolidation of the global beer industry. Mr. Feeney also held various positions with the Trimark group of companies, including that of Chief Financial Officer and Executive Vice-President for Trimark Investment Management Inc.
Dr. James E. Mungall Ph.D., P.Geo., joined the Noront team as a consultant in October of 2007. He has been appointed Chief Geologist. Dr Mungall's professional experience has included consulting and research work on magmatic Ni-Cu-Co-PGE deposits, chromitite, magmatic Fe-Ti-V and IOCG and rare-element granites.
Dr Mungall received M.Sc. and Ph.D degrees from McGill University and has worked extensively in the exploration business as a consultant since 1996. In 1999 he was appointed Assistant Professor of Economic Geology at the University of Toronto. He was promoted to Associate Professor in 2005 and was named Norman Keevil Chair of Ore Genesis in 2007.
As you can see by their resumés, these are highly qualified individuals, leaving prominent posts to join our great company.
http://www.agoracom.com/ir/Noront/me...
Our main projects:
Windfall:
Advanced drilling (over 200 holes to date) has outlined a number of high grade gold zones at various depths including 4.8 meters of 52.3 ounces per ton of gold.
This project currently covers two adjacent claim blocks (1,440 hectares) of which Noront holds a 100% interest. A ramp is currently being built to further assess these gold zone and help prepare a NI 43-101 for this property.
http://www.agoracom.com/ir/Noront/me...
Double Eagle Project:
Current drill results include 117 meters grading 4.1% nickel, 2.2% copper, 2.1 grams per tonne platinum, and 7.1 grams per tonne palladium beginning 7 meters below the surface.
NI 43-101 Resource estimate for Eagle 1:
The following table sets out, for the first time, an indicated mineral resource and an inferred mineral resource for the Eagle One project:
http://www.agoracom.com/ir/Noront/me...
This table yield a GMV of 2.1 Billion dollars for Eagle one which remains open on strike and at depth.
The full NI-43-101 report is due on August 18<SUP>th</SUP> 2008. This major report will includes a special report prepared by Dr. Jim Mungall where he will discuss the importance of the huge chrome section found at Eagle 2. As important and impressive as the gold at Windfall and the Nickel at Eagle 1 is, the company thinks the chrome will be the biggest story. With intercepts of 49.4 meters thick and grades of Cr2O3 of 39.1%, this has the possibility to be the world biggest Chrome deposit.
The area of Eagle 1 has been dubbed the Ring of Fire of which Noront now owns over 1,600 sq kilometers. Over 30 juniors have staked claims into the area located in northern Ontario, Canada and committed over 50 Million in drilling this year and over 250 million next year.
Post from AB.
And the other stuff...REAL BLUE SKY!
Posted by: rodg45 on July 29, 2008 05:05PM
In response to: And the other stuff... by Milsy1
Sorry, I accidently hit the "enter" button for that last transmission. Anyway, nice chart by Milsy, with the update. However, for those of us who have been selecting the best junior exploration stocks for some years, we realize that "blue sky" potential for a stock, if it is substantial, is the "buy" indicator for an extremely undervalued stock, which is the case for Noront at present. We've had Professor Mungall and others with geological expertise (John Defur amongst our contributors) to explain to us that the types of deposits being found by Noront in the Ring of Fire do not occur in isolation, but rather as pods or extrusions from a larger source, and occurring in large quantities. It is only a matter of proving up to the skeptics that these are present, which means hitting a sufficient number of them. It is those who listen to these experts and have seen the same phenomenon before that get in at a cheap price. This is the find of the century, and it is only a matter of time before this is "proven" to skeptics, but already known by the experienced. The blatant manipulation of the stock price has only been possible because many holders of Noront stock do not have this knowledge, and have bought based on charts or recommendations, and don't understand the fundamental truth of the invevitable proving up of many more tons or high grade metals.
And the other stuff...REAL BLUE SKY!
Posted by: rodg45 on July 29, 2008 05:05PM
In response to: And the other stuff... by Milsy1
Sorry, I accidently hit the "enter" button for that last transmission. Anyway, nice chart by Milsy, with the update. However, for those of us who have been selecting the best junior exploration stocks for some years, we realize that "blue sky" potential for a stock, if it is substantial, is the "buy" indicator for an extremely undervalued stock, which is the case for Noront at present. We've had Professor Mungall and others with geological expertise (John Defur amongst our contributors) to explain to us that the types of deposits being found by Noront in the Ring of Fire do not occur in isolation, but rather as pods or extrusions from a larger source, and occurring in large quantities. It is only a matter of proving up to the skeptics that these are present, which means hitting a sufficient number of them. It is those who listen to these experts and have seen the same phenomenon before that get in at a cheap price. This is the find of the century, and it is only a matter of time before this is "proven" to skeptics, but already known by the experienced. The blatant manipulation of the stock price has only been possible because many holders of Noront stock do not have this knowledge, and have bought based on charts or recommendations, and don't understand the fundamental truth of the invevitable proving up of many more tons or high grade metals.
<TABLE width="100%"><TBODY><TR><TD>Wed morning thoughts from tradingChief.</TD><TD align=right></TD></TR></TBODY></TABLE>
Good morning. Overseas the Asian and European indices are up sharply, mirroring the strong showing by the US indices yesterday. Strong earnings from the industrial and mining stocks are leading the European indices higher. Falling oil prices are taking some of the edge off inflation worries for the global economies. Many economists are predicting the worse may be over for the financial stocks in the US, as they are coming clean and taking the necessary writedowns to clean up their balance sheets. What a huge difference in market sentiment from last week. On the economic calendar we get the ADP Employment numbers at 8:15 am, followed by the Crude Inventories numbers at 10:35 am. All eyes will be on the crude inventories, to see if weaker oil prices will continue. The early US futures are pointing to a higher open for the US indices.
Back in McFaulds Lake, NOT continues to show weak volume, but the share price is holding its value, in fact we have closed at the same price for the last 3 trading sessions. As long as NOT can hold the support of its 13(MA) the uptrend is in tact. The 13(MA) and the 50(MA) are converging, as NOT trades in a tight range. The share price has been basing, for over 2 weeks now and a breakout should occur shortly. The problem for investors is knowing which way the stock will break. A close under the 13(MA) at $3.08 would suggest a test of the lows from July 8th is on the agenda. However, a close over the 50(MA) at $3.42, would suggest a bottom has put in and further share price gains are on the horizon.
With news expected from NOT's AT-12 discovery and the possibility of a 43-101 from the Blackbird One chrome deposit, my guess would be NOT breaks out, to the upside. The downside to NOT's share price looks limited at current share price levels. The upside potential with all the anticipated news, looks very good. We have an excellent risk/reward setup for those looking for a play in the junior mining sector. JMHO
PRB continues to amaze me. Here we have a drilling program underway, on their McFaulds West property, that NOT was desperately trying to get a piece of, a short time time ago. All of a sudden since PRB broke off talks of doing a JV with NOT, the volume dries up and investors are shunning the stock. Something doesn't add up here. My guess is that someone is accumulating at current share prices. The investment houses have backed off bidding on this stock, offering no support to the share price whatsoever. Slowly they are buying at low prices, as investors get fed up with the lack of share price movement and throw in the towel. The low volumes tell me nothing is wrong with the drill program, there is obviously no panic selling from whispers from the field. The investment houses know that Palmer runs a closed lipped policy and with a news vacuum, while drilling is going on, they are taking advantage of the situation. This is the only explanation I can come up with, that makes any sense. It certainly wouldn't surprise me to see one last share price flush to cause some panic, just before visuals are announced from this drill program. I will look at any share price flush, as a buying opportunity to add to my position, unless I hear something negative from someone in the know. I have seen this type of situation too many times to be forced into panicing at this time. NOT knows the geology of this area better than anyone. Ask yourself, why did NOT try to get a piece of this property if they expected the drill program to fail?
MTX/WSR's assay results from their mineralized sulphide discovery, are certainly taking much longer than many anticipated. The share prices are doing the slow bleed, as we wait for results. Looking back, I remember how excited WSR was about this discovery, during the two halts as this discovery was announced. The assay results could be announced at any time, in fact the rumour mill says we will see results this week. However you wouldn't know it by current share prices. Remember if we get a halt when they release assay results, BMK, DSP, MKR and TME appear to be the proximity plays, with the most to gain if the assays are good. JMHO
The countdown for FNC to commence their drilling program, is getting close. It is expected, drilling will start this Friday and will be accompanied by a news release from Peter Smith. I have no idea how this one will play out. Perhaps we will see a share price flush to cause some panic selling, or maybe they will just run the share price, once drilling has started. The low o/s share count and the numerous shorts, should cause a dramatic scenario shortly. I will wait for one of two things, before taking a position in FNC this week. A share price flush and I will buy on the panic selling, or I will try and get in, once the actual drilling announcement is released. I expect some fantastic volatility with FNC's share price over the next couple of weeks. Grab some Gravol, take a seat, this play is about, to get real exciting. JMHO
The rest of the McFaulds Lake stocks will most likely just play follow the leaders. There is not a whole lot expected from any of them in the short term. Anyone thats hears any rumours, that you think may have some merit, please take the time, to let the many readers of this board know. Your thoughts and opinions are always valued by this board.
Once again, anyone who wants to take a closer look at all that the TradingChief website has to offer, give me a shout, via PM, or email. I will try and set you up with a FREE trial. Take my word for it, this site is the best site on the internet to help you make informed investment decisions. Without a doubt, taking a look at what this site has to offer, will be one of the best investment decisions you ever make. JMHO
alcollard@execulink.com is my email, or just Inbox me at the top left hand corner of this page.
Best of luck to all McFaulds Lake investors.
Al
Good morning. Overseas the Asian and European indices are up sharply, mirroring the strong showing by the US indices yesterday. Strong earnings from the industrial and mining stocks are leading the European indices higher. Falling oil prices are taking some of the edge off inflation worries for the global economies. Many economists are predicting the worse may be over for the financial stocks in the US, as they are coming clean and taking the necessary writedowns to clean up their balance sheets. What a huge difference in market sentiment from last week. On the economic calendar we get the ADP Employment numbers at 8:15 am, followed by the Crude Inventories numbers at 10:35 am. All eyes will be on the crude inventories, to see if weaker oil prices will continue. The early US futures are pointing to a higher open for the US indices.
Back in McFaulds Lake, NOT continues to show weak volume, but the share price is holding its value, in fact we have closed at the same price for the last 3 trading sessions. As long as NOT can hold the support of its 13(MA) the uptrend is in tact. The 13(MA) and the 50(MA) are converging, as NOT trades in a tight range. The share price has been basing, for over 2 weeks now and a breakout should occur shortly. The problem for investors is knowing which way the stock will break. A close under the 13(MA) at $3.08 would suggest a test of the lows from July 8th is on the agenda. However, a close over the 50(MA) at $3.42, would suggest a bottom has put in and further share price gains are on the horizon.
With news expected from NOT's AT-12 discovery and the possibility of a 43-101 from the Blackbird One chrome deposit, my guess would be NOT breaks out, to the upside. The downside to NOT's share price looks limited at current share price levels. The upside potential with all the anticipated news, looks very good. We have an excellent risk/reward setup for those looking for a play in the junior mining sector. JMHO
PRB continues to amaze me. Here we have a drilling program underway, on their McFaulds West property, that NOT was desperately trying to get a piece of, a short time time ago. All of a sudden since PRB broke off talks of doing a JV with NOT, the volume dries up and investors are shunning the stock. Something doesn't add up here. My guess is that someone is accumulating at current share prices. The investment houses have backed off bidding on this stock, offering no support to the share price whatsoever. Slowly they are buying at low prices, as investors get fed up with the lack of share price movement and throw in the towel. The low volumes tell me nothing is wrong with the drill program, there is obviously no panic selling from whispers from the field. The investment houses know that Palmer runs a closed lipped policy and with a news vacuum, while drilling is going on, they are taking advantage of the situation. This is the only explanation I can come up with, that makes any sense. It certainly wouldn't surprise me to see one last share price flush to cause some panic, just before visuals are announced from this drill program. I will look at any share price flush, as a buying opportunity to add to my position, unless I hear something negative from someone in the know. I have seen this type of situation too many times to be forced into panicing at this time. NOT knows the geology of this area better than anyone. Ask yourself, why did NOT try to get a piece of this property if they expected the drill program to fail?
MTX/WSR's assay results from their mineralized sulphide discovery, are certainly taking much longer than many anticipated. The share prices are doing the slow bleed, as we wait for results. Looking back, I remember how excited WSR was about this discovery, during the two halts as this discovery was announced. The assay results could be announced at any time, in fact the rumour mill says we will see results this week. However you wouldn't know it by current share prices. Remember if we get a halt when they release assay results, BMK, DSP, MKR and TME appear to be the proximity plays, with the most to gain if the assays are good. JMHO
The countdown for FNC to commence their drilling program, is getting close. It is expected, drilling will start this Friday and will be accompanied by a news release from Peter Smith. I have no idea how this one will play out. Perhaps we will see a share price flush to cause some panic selling, or maybe they will just run the share price, once drilling has started. The low o/s share count and the numerous shorts, should cause a dramatic scenario shortly. I will wait for one of two things, before taking a position in FNC this week. A share price flush and I will buy on the panic selling, or I will try and get in, once the actual drilling announcement is released. I expect some fantastic volatility with FNC's share price over the next couple of weeks. Grab some Gravol, take a seat, this play is about, to get real exciting. JMHO
The rest of the McFaulds Lake stocks will most likely just play follow the leaders. There is not a whole lot expected from any of them in the short term. Anyone thats hears any rumours, that you think may have some merit, please take the time, to let the many readers of this board know. Your thoughts and opinions are always valued by this board.
Once again, anyone who wants to take a closer look at all that the TradingChief website has to offer, give me a shout, via PM, or email. I will try and set you up with a FREE trial. Take my word for it, this site is the best site on the internet to help you make informed investment decisions. Without a doubt, taking a look at what this site has to offer, will be one of the best investment decisions you ever make. JMHO
alcollard@execulink.com is my email, or just Inbox me at the top left hand corner of this page.
Best of luck to all McFaulds Lake investors.
Al
NEWS - Noront Announces Additional Chromite Results (Blackbird One)
FerroChrome is worth over $10,000.00/ton or$5+a pound or more...eom...
Posted by: johndefur
Posted by: AGORACOM on July 30, 2008 01:52PM
Second Chrome Occurrence Encountered (Blackbird Two)
TORONTO, ONTARIO - (July 30, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) wishes to present the following update on its chromium exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands. One drill at the AT2 site continues to test the Blackbird One and Eagle Two occurrences at approximately 50 meter centers to further define the extent of these targets. Meanwhile, the second drill, previously assigned to AT2 has completed the first hole on a gravity anomaly located approximately 800 meters to the east of Blackbird One and south of the Eagle One magmatic massive sulphide ("MMS") deposit. Noront is pleased to further announce that bands of massive chromite on this new anomaly have been encountered in two drill holes; assays are pending.
EXPLORATION HIGHLIGHTS
1) Assay results received from four holes (see Table 1) from Blackbird One returned wide widths of significant grade chromite mineralization the best of which averaged 47.8 meters from 365.2 meters onward, averaging 51.1% Cr203 containing 34.9% Cr and 17.1% Fe.
2) New drilling 800 meters to the east of Blackbird One has encountered bands of visual, massive chromite mineralization in hole NOT-08-1G57 and NOT-08-1G59.
Noront has a system of naming new mineral occurrences when they reach a certain level of continuity, size and tenure of mineralization. Nickel, copper occurrences are assigned the name "Eagle". Chromite deposits are assigned the name "Blackbird". The number assigned to each occurrence type is indicative of the order of discovery.
Richard Nemis, President and CEO of Noront states:
"Our successful exploration efforts in the Ring of Fire, have brought Noront forward as one of the most successful exploration groups in North America. We are currently evaluating several mineral occurrences in the area including: The Eagle One Nickel-copper-platinum and palladium deposit that has indicated an encouraging resource warranting further assessment.. The Eagle Two Nickel-copper shear hosted sulphide ("SHS") occurrence has been drill traced beyond 700 meters vertical depth and the Blackbird One chrome occurrence which is considered to be a separate deposit to the Eagle Two deposit is being drill delineated as a prelude to resource definition.
Our exploration team advises that massive chrome has been encountered nearly one kilometer away from Blackbird One. Drilling at this new anomaly, which we have designated as "Blackbird Two" is proceeding and will likely become a delineation drilling program. Our results, together with the recently announced base metal discovery by WSR and Metalex to the north, attest to the vast potential of the Ring of Fire. Noront is working with the various First Nation communities in the area, to employ their people and generate initiatives and business opportunities that have arisen from the increased exploration activity in the area. These projects if ultimately developed, could have a significant positive effect on the economy in Northern Ontario."
The drilling program on our Double Eagle Project continues, with two drills continuing to explore the AT2 airborne anomaly and its possible eastern extension. As announced earlier (May 27, 2008) at AT2, a layered chromite ("LC") occurrence in a peridotite intrusive geological environment was encountered. This occurrence is now referred to as "Blackbird One" so as to distinguish this site from the nearby Eagle Two "SHS" occurrence. While the "LC" mineralization parallels the "SHS" occurrence approximately 50 meters lower in depth, stratigraphically, it overlies the "SHS" mineralization believed to have been formed earlier during the progressive accumulation of the peridotite sill host rock that is now lying overturned.
BLACKBIRD ONE OCCURRENCE (AT2 Anomaly)
The "LC" zone at Blackbird One is best described as a complex of varying thicknesses of massive chromite bearing layers within the Peridotite Sill. These chromitite layers dip steeply at approximately 60 degrees to the west paralleling the contact between the Peridotite Sill and the adjacent Granodiorite. The holes containing significant Chromite mineralization reported to date have delineated a chromite body along a strike length of 125 meters, down to a vertical depth of 500 meters over wide core widths with favorable high Cr/Fe ratios. Blackbird One is open along strike to the north.
Due to the limited number of drill hole and assay results, true widths are not yet determined for the chromite zones at Blackbird One.
Assays are pending for the drill holes recently summarized in Table 2 and Table 3 below and recently completed at the AT2 Anomaly site from the Blackbird One occurrence. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.
Blackbird Two (Gravity Anomaly)
This new chromite occurrence resulted from the drill testing of a gravity anomaly extending eastwards from the Blackbird One occurrence at the AT2 airborne anomaly site. Two holes have been completed along local grid line 4000 East. The two holes scissored one another to confirm dip orientation. Three parallel bands of chromite mineralization were found to extend beneath the gravity anomaly, dipping approx 65 degrees to the northwest within a Periodotite Sill (Ring of Fire) striking northeast. Further drilling of this anomaly will be carried out southeasterly towards the Blackbird One occurrence along the gravity anomaly trend.
INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL
A thorough quality control program has been in effect for the Double Eagle project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of the QC program. Approximately 10% of the samples are sent to a secondary lab as a monitor on the principal lab. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's independent Qualified Person ("IQP").
All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digest followed by ICP analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For final chrome analysis, the samples where elemental chrome using the ICPOES multi-element analysis methodology provides greater than 1% Cr, the samples are then submitted for additional analysis using INAA that involves irradiating the samples prior to final analysis. This methodology provides analysis in percent for elemental Cr as well as Cr2O3 and elemental Fe. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabsint.com.
Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's new Chief Geologist, both being Qualified Persons under Canadian Securities guidelines.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,824,783 shares issued to date.
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 updated in real time.
ON BEHALF OF THE BOARD OF DIRECTORS:
R. Nemis, President and Chief Executive Officer
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".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
[FONT=Verdana,Arial,Helvetica,sans-serif]CONTACT INFORMATION:[/FONT]
[FONT=Verdana,Arial,Helvetica,sans-serif]Noront Resources Ltd.
Neil Novak P.Geo.
(416) 864-1456
Fax: (416) 367-5444
Email: info@norontresources.com
[/FONT]
FerroChrome is worth over $10,000.00/ton or$5+a pound or more...eom...
Posted by: johndefur
Posted by: AGORACOM on July 30, 2008 01:52PM
Second Chrome Occurrence Encountered (Blackbird Two)
TORONTO, ONTARIO - (July 30, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) wishes to present the following update on its chromium exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands. One drill at the AT2 site continues to test the Blackbird One and Eagle Two occurrences at approximately 50 meter centers to further define the extent of these targets. Meanwhile, the second drill, previously assigned to AT2 has completed the first hole on a gravity anomaly located approximately 800 meters to the east of Blackbird One and south of the Eagle One magmatic massive sulphide ("MMS") deposit. Noront is pleased to further announce that bands of massive chromite on this new anomaly have been encountered in two drill holes; assays are pending.
EXPLORATION HIGHLIGHTS
1) Assay results received from four holes (see Table 1) from Blackbird One returned wide widths of significant grade chromite mineralization the best of which averaged 47.8 meters from 365.2 meters onward, averaging 51.1% Cr203 containing 34.9% Cr and 17.1% Fe.
2) New drilling 800 meters to the east of Blackbird One has encountered bands of visual, massive chromite mineralization in hole NOT-08-1G57 and NOT-08-1G59.
Noront has a system of naming new mineral occurrences when they reach a certain level of continuity, size and tenure of mineralization. Nickel, copper occurrences are assigned the name "Eagle". Chromite deposits are assigned the name "Blackbird". The number assigned to each occurrence type is indicative of the order of discovery.
Richard Nemis, President and CEO of Noront states:
"Our successful exploration efforts in the Ring of Fire, have brought Noront forward as one of the most successful exploration groups in North America. We are currently evaluating several mineral occurrences in the area including: The Eagle One Nickel-copper-platinum and palladium deposit that has indicated an encouraging resource warranting further assessment.. The Eagle Two Nickel-copper shear hosted sulphide ("SHS") occurrence has been drill traced beyond 700 meters vertical depth and the Blackbird One chrome occurrence which is considered to be a separate deposit to the Eagle Two deposit is being drill delineated as a prelude to resource definition.
Our exploration team advises that massive chrome has been encountered nearly one kilometer away from Blackbird One. Drilling at this new anomaly, which we have designated as "Blackbird Two" is proceeding and will likely become a delineation drilling program. Our results, together with the recently announced base metal discovery by WSR and Metalex to the north, attest to the vast potential of the Ring of Fire. Noront is working with the various First Nation communities in the area, to employ their people and generate initiatives and business opportunities that have arisen from the increased exploration activity in the area. These projects if ultimately developed, could have a significant positive effect on the economy in Northern Ontario."
The drilling program on our Double Eagle Project continues, with two drills continuing to explore the AT2 airborne anomaly and its possible eastern extension. As announced earlier (May 27, 2008) at AT2, a layered chromite ("LC") occurrence in a peridotite intrusive geological environment was encountered. This occurrence is now referred to as "Blackbird One" so as to distinguish this site from the nearby Eagle Two "SHS" occurrence. While the "LC" mineralization parallels the "SHS" occurrence approximately 50 meters lower in depth, stratigraphically, it overlies the "SHS" mineralization believed to have been formed earlier during the progressive accumulation of the peridotite sill host rock that is now lying overturned.
BLACKBIRD ONE OCCURRENCE (AT2 Anomaly)
The "LC" zone at Blackbird One is best described as a complex of varying thicknesses of massive chromite bearing layers within the Peridotite Sill. These chromitite layers dip steeply at approximately 60 degrees to the west paralleling the contact between the Peridotite Sill and the adjacent Granodiorite. The holes containing significant Chromite mineralization reported to date have delineated a chromite body along a strike length of 125 meters, down to a vertical depth of 500 meters over wide core widths with favorable high Cr/Fe ratios. Blackbird One is open along strike to the north.
Due to the limited number of drill hole and assay results, true widths are not yet determined for the chromite zones at Blackbird One.
Assays are pending for the drill holes recently summarized in Table 2 and Table 3 below and recently completed at the AT2 Anomaly site from the Blackbird One occurrence. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observations in whole or in part.
Blackbird Two (Gravity Anomaly)
This new chromite occurrence resulted from the drill testing of a gravity anomaly extending eastwards from the Blackbird One occurrence at the AT2 airborne anomaly site. Two holes have been completed along local grid line 4000 East. The two holes scissored one another to confirm dip orientation. Three parallel bands of chromite mineralization were found to extend beneath the gravity anomaly, dipping approx 65 degrees to the northwest within a Periodotite Sill (Ring of Fire) striking northeast. Further drilling of this anomaly will be carried out southeasterly towards the Blackbird One occurrence along the gravity anomaly trend.
INDEPENDENT QUALITY CONTROL AND ANALYTICAL PROTOCOL
A thorough quality control program has been in effect for the Double Eagle project which includes grouping samples into batches of 35 into which are added 2 certified reference material standards, 2 field blanks comprised of sterile drill core, and a field duplicate. Coarse reject and pulp duplicates also form part of the QC program. Approximately 10% of the samples are sent to a secondary lab as a monitor on the principal lab. It can be said with confidence that all assays as reported in this Press Release have passed the strict quality control guidelines as set out by Noront's independent Qualified Person ("IQP").
All samples reported upon herein were completed by Activation Labs (Actlabs) of Ancaster, Ontario. The samples submitted to Actlabs were analyzed for multi-elements, including Ni and Cu using a four acid digest followed by ICP analysis. The samples that received base metal values greater than the upper limit for the method underwent further analysis using ICP-OES. For the Au, Pd and Pt, the assay methodology was Fire Assay on a 30 gram aliquot with an ICP finish. Silver was analyzed using a 3-acid digest with an ICP analysis. For final chrome analysis, the samples where elemental chrome using the ICPOES multi-element analysis methodology provides greater than 1% Cr, the samples are then submitted for additional analysis using INAA that involves irradiating the samples prior to final analysis. This methodology provides analysis in percent for elemental Cr as well as Cr2O3 and elemental Fe. For more information on assay methodology please visit the Activation Laboratories Ltd. Website at http://www.actlabsint.com.
Drilling results in this press release have been reviewed in the field and approved for dissemination by Noront's senior management including John Harvey, P.Eng. Chief Operating Officer of Noront and Dr. Jim Mungall P.Geo., Noront's new Chief Geologist, both being Qualified Persons under Canadian Securities guidelines.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,824,783 shares issued to date.
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 updated in real time.
ON BEHALF OF THE BOARD OF DIRECTORS:
R. Nemis, President and Chief Executive Officer
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".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
[FONT=Verdana,Arial,Helvetica,sans-serif]CONTACT INFORMATION:[/FONT]
[FONT=Verdana,Arial,Helvetica,sans-serif]Noront Resources Ltd.
Neil Novak P.Geo.
(416) 864-1456
Fax: (416) 367-5444
Email: info@norontresources.com
[/FONT]
8ate, hold them share, if this post is correct you'll be getting $43. a share and thats just for Blackbird!
Chromite Tonnage Calculations
Posted by: rodg45 on July 30, 2008 06:32PM
In response to: Chromite Tonnage Calculations by AlsoFromSudbury
Good info! This rock is 2 times heavier than I thought! Based on your calculations, but rounding down slightly, to be conservative, I'll adjust the total tonnage figure you gave from 3,450,000 tonnes to 3,000,000 tonnes at an average grade of 36.7% Cr2O3. These grades are currently selling at around $350/tonne (conservative average - you can do your own research at www.alibaba.com ). From the article we saw the other day (I believe it was Miskealp who provided that on Tuesday), we saw that the proccessed chromium ore was worth around 10 times the value of the raw ore. So, multiply $350/tonne times 10 (or being again conservative - lets say $300/tonne times 10) and we get a value of $3,000 per tonne value of this ore after being processed. Multiply that $3,000/tonne times the etimated total of tonnes (conservatively 3,000,000 tonnes) and you have a total value for the processed ore of $9 billion dollars. Even if it cost 3 billion for infrastructure, mine development, and processing costs, that still leaves a very huge profit! If you divide $6 billion into the 130,000,000 shares outstanding, that would be a profit of $43.00 per share! Not bad!!! And that is just for the Blackbirds!!!
Chromite Tonnage Calculations
Posted by: rodg45 on July 30, 2008 06:32PM
In response to: Chromite Tonnage Calculations by AlsoFromSudbury
Good info! This rock is 2 times heavier than I thought! Based on your calculations, but rounding down slightly, to be conservative, I'll adjust the total tonnage figure you gave from 3,450,000 tonnes to 3,000,000 tonnes at an average grade of 36.7% Cr2O3. These grades are currently selling at around $350/tonne (conservative average - you can do your own research at www.alibaba.com ). From the article we saw the other day (I believe it was Miskealp who provided that on Tuesday), we saw that the proccessed chromium ore was worth around 10 times the value of the raw ore. So, multiply $350/tonne times 10 (or being again conservative - lets say $300/tonne times 10) and we get a value of $3,000 per tonne value of this ore after being processed. Multiply that $3,000/tonne times the etimated total of tonnes (conservatively 3,000,000 tonnes) and you have a total value for the processed ore of $9 billion dollars. Even if it cost 3 billion for infrastructure, mine development, and processing costs, that still leaves a very huge profit! If you divide $6 billion into the 130,000,000 shares outstanding, that would be a profit of $43.00 per share! Not bad!!! And that is just for the Blackbirds!!!
<TABLE width="100%"><TBODY><TR><TD>Thursday morning thoughts from TradingChief</TD><TD align=right></TD></TR></TBODY></TABLE>
Good morning. On the overseas markets we have the Asian indices showing small gains and in Europe the major indices are all showing solid gains. In Europe we have mining stocks leading the uptrend on solid earnings and firmer metal prices. We have a big day on the economic calendar with Chain-Deflator-Adv, Employment Cost Index, GDP-Adv, and Initial Jobless Claims numbers, all at 8:30 am. At 9:45 am we get the Chicago PMI numbers. Some of these numbers are market movers which make the early futures numbers for the US indices meaningless at the time of writing my thoughts. The strength in mining stocks overseas, should bode well for the Canadian indices today.
Back in McFaulds Lake, NOT picked up the volume and traded up over 4%, yesterday. They had a news release with assay results from their Blackbird One chrome deposit. NOT's share price ran up, but failed at the resistance of it's 50(MA). The assay results from Blackbird One were very important, not only for there good chrome values, but now we can expect to get a 43-101 on this deposit. The market is having trouble putting a valuation on Blackbird One, so the sooner we get the 43-101 the better. Once the 43-101 is received we should be able to put a floor on NOT's share price and finally figure out where NOT's market cap valuation should be.
Today, if we can get some follow through, a close above the 50(MA) at $3.39 and the resistance of this important moving average, would turn into support. Holding the 50(MA) as support, should give the share price room to run as the next heavy resistance level would be around $4.33 the 100(MA). It is expected we will get a series of news releases from NOT in the very near future. We can now expect the 43-101 from the Blackbird One deposit at any time and we should be getting a visual update from the AT-12 drilling program. The rumour is, we can expect to get numbers much like the Eagle One deposit had, from this new AT-12 discovery. If true, the possibility of a new 52 week high enters into the equation. Also on the rumour mill is NOT is in talks with a major to take a stake in the company. This would make sense as Nemis stated long ago, the McFaulds Lake discovery was far too big for a company of NOT's size, to handle. It is my belief the risk/reward setup for NOT, is one of the best in the junior mining sector, at current NOT share prices. JMHO
We finally got our share price flush, as expected/predicted from PRB yesterday. The flush only had 91k volume and PRB's share price closed down, a little over 5% for the day. Most of the volume was when the stop losses were run. Those that got stopped out only have themselves to blame, as the McFaulds Lake board, has repeatedly told investors to not use actual stop losses but use mental stop losses, when covering their butts. These MM's on the low volume, TSX-v stocks, are known to pick the pockets, of those who make this mistake. Showing your hand to the MM's on the TSX-v has many risks, perhaps we need to go over this again, at a later date. Of course, if we get bad news from PRB, on this next news release, the ones that got stopped out will be smiling. Now we can only hope the flush was to get rid of the weak hands and not a bad news leak, from the McFaulds West drilling program. The word from Palmer, President of PRB, is we will get a news release today or tomorrow as they were writing up the news release yesterday. The news release will contain the assay results from the Victory property drilling program and a visual update from the McFaulds West drilling program.
MTX/WSR, we got a mini share price spike yesterday, perhaps we are getting close to assay news from this discovery. WSR has a close association with NOT, which helps explain why these assay results are taking so long. PRB has already got assay results back from their Victory drilling program and they were sent into the lab weeks after the WSR core samples. I have no explanation why it takes NOT and associated stocks so long to release assay results. This has always been one gripe I have had with NOT. If anyone knows the reason why NOT's assays take so long, compared to other mining stocks, I would love to hear it.
FNC's share price continued to show strength yesterday. It is expected we get a news release from Peter Smith tomorrow, announcing the drilling program has started on this property. There still are a lot of shorts on this stock, that need to cover, so it could get very interesting shortly. I still haven't taken a position in this stock because I'm expecting a share price flush to afford an opportunity for these shorts to cover. Hopefully I haven't called this one wrong, because if the expected share price flush doesn't happen, I will be paying a lot more than anticipated, for a seat at the table. I have followed this stock for too long, to miss out on the opportunity to see if Peter Smith knew what he was talking about, many months ago. I still remember Smith's prediction in the late fall of 2007 that FNC has 2/3 rds of the Eagle One discovery on their property. If Smith's prediction comes true, FNC will truly become the top junior mining story of 2008 in Canada.
Currently there are numerous drill programs underway in McFaulds Lake. The chances of success for a few of these to come up with a discovery of significance has very good odds. Finding one of these discoveries is like finding a needle in the proverbial haystack. However with all the advances in technology, the odds are much greater than ever before, to pinpoint the exact locations to drill. It is my belief we are on the verge of turning McFaulds Lake into a major mining camp. It will take years for this discovery to play out and there will be many ups and downs. But have no doubt, McFaulds Lake is a discovery of 1st class significance for Canada. JMHO
Best of luck to all McFaulds Lake investors.
Al
Good morning. On the overseas markets we have the Asian indices showing small gains and in Europe the major indices are all showing solid gains. In Europe we have mining stocks leading the uptrend on solid earnings and firmer metal prices. We have a big day on the economic calendar with Chain-Deflator-Adv, Employment Cost Index, GDP-Adv, and Initial Jobless Claims numbers, all at 8:30 am. At 9:45 am we get the Chicago PMI numbers. Some of these numbers are market movers which make the early futures numbers for the US indices meaningless at the time of writing my thoughts. The strength in mining stocks overseas, should bode well for the Canadian indices today.
Back in McFaulds Lake, NOT picked up the volume and traded up over 4%, yesterday. They had a news release with assay results from their Blackbird One chrome deposit. NOT's share price ran up, but failed at the resistance of it's 50(MA). The assay results from Blackbird One were very important, not only for there good chrome values, but now we can expect to get a 43-101 on this deposit. The market is having trouble putting a valuation on Blackbird One, so the sooner we get the 43-101 the better. Once the 43-101 is received we should be able to put a floor on NOT's share price and finally figure out where NOT's market cap valuation should be.
Today, if we can get some follow through, a close above the 50(MA) at $3.39 and the resistance of this important moving average, would turn into support. Holding the 50(MA) as support, should give the share price room to run as the next heavy resistance level would be around $4.33 the 100(MA). It is expected we will get a series of news releases from NOT in the very near future. We can now expect the 43-101 from the Blackbird One deposit at any time and we should be getting a visual update from the AT-12 drilling program. The rumour is, we can expect to get numbers much like the Eagle One deposit had, from this new AT-12 discovery. If true, the possibility of a new 52 week high enters into the equation. Also on the rumour mill is NOT is in talks with a major to take a stake in the company. This would make sense as Nemis stated long ago, the McFaulds Lake discovery was far too big for a company of NOT's size, to handle. It is my belief the risk/reward setup for NOT, is one of the best in the junior mining sector, at current NOT share prices. JMHO
We finally got our share price flush, as expected/predicted from PRB yesterday. The flush only had 91k volume and PRB's share price closed down, a little over 5% for the day. Most of the volume was when the stop losses were run. Those that got stopped out only have themselves to blame, as the McFaulds Lake board, has repeatedly told investors to not use actual stop losses but use mental stop losses, when covering their butts. These MM's on the low volume, TSX-v stocks, are known to pick the pockets, of those who make this mistake. Showing your hand to the MM's on the TSX-v has many risks, perhaps we need to go over this again, at a later date. Of course, if we get bad news from PRB, on this next news release, the ones that got stopped out will be smiling. Now we can only hope the flush was to get rid of the weak hands and not a bad news leak, from the McFaulds West drilling program. The word from Palmer, President of PRB, is we will get a news release today or tomorrow as they were writing up the news release yesterday. The news release will contain the assay results from the Victory property drilling program and a visual update from the McFaulds West drilling program.
MTX/WSR, we got a mini share price spike yesterday, perhaps we are getting close to assay news from this discovery. WSR has a close association with NOT, which helps explain why these assay results are taking so long. PRB has already got assay results back from their Victory drilling program and they were sent into the lab weeks after the WSR core samples. I have no explanation why it takes NOT and associated stocks so long to release assay results. This has always been one gripe I have had with NOT. If anyone knows the reason why NOT's assays take so long, compared to other mining stocks, I would love to hear it.
FNC's share price continued to show strength yesterday. It is expected we get a news release from Peter Smith tomorrow, announcing the drilling program has started on this property. There still are a lot of shorts on this stock, that need to cover, so it could get very interesting shortly. I still haven't taken a position in this stock because I'm expecting a share price flush to afford an opportunity for these shorts to cover. Hopefully I haven't called this one wrong, because if the expected share price flush doesn't happen, I will be paying a lot more than anticipated, for a seat at the table. I have followed this stock for too long, to miss out on the opportunity to see if Peter Smith knew what he was talking about, many months ago. I still remember Smith's prediction in the late fall of 2007 that FNC has 2/3 rds of the Eagle One discovery on their property. If Smith's prediction comes true, FNC will truly become the top junior mining story of 2008 in Canada.
Currently there are numerous drill programs underway in McFaulds Lake. The chances of success for a few of these to come up with a discovery of significance has very good odds. Finding one of these discoveries is like finding a needle in the proverbial haystack. However with all the advances in technology, the odds are much greater than ever before, to pinpoint the exact locations to drill. It is my belief we are on the verge of turning McFaulds Lake into a major mining camp. It will take years for this discovery to play out and there will be many ups and downs. But have no doubt, McFaulds Lake is a discovery of 1st class significance for Canada. JMHO
Best of luck to all McFaulds Lake investors.
Al
Post from AB
Just spoke with Richard
Posted by: tcp1002 on July 31, 2008 03:38PM
He was busy as I tried 4 times yesterday and twice today. Yesterday he was working on the news releas.
Windfall- They are down to zone 11 and 17 and have to go to zone 100. This is for phase 1 of the project. They will reach zone 100 by the end of September early October. In the next two weeks they have to make a decision on phase II. Isked if it looked good to proceed and he said "Oh Yea!". He said they are stock piling all the rock that comes out and it will be tested at some pont befor eit is sent to a mill. He said it looks good so far and told me to look at the website for the museum piece which turns out to be 3,000 oz per ton for that piece.
Mexico- The courts have ruled and he is waiting for final report on what it will cost and it is very close to having the issues resolved. He has been aproached by several companies that want to drill on the properties. Richard said this is what he will do, he will pick some one to drill and spend the money while we retain part ownership. He said there is too much going on right now and it would be beter to have another company doing the drilling.
China- Will be commencing drilling by the end of this summer.
Burnt Hill- Doesn't know what is happening
Double Eagle- I asked about the 43-101 and he it will be completed by August the 15th. Then he said he will be able to talk about the find we have with the Chromite and what it means. He was very pleased with the Chromite and I asked which of the majors are involved with Chromite. He said XSTRATA has the biggest Chromite operation. I asked if they know about our find and he said "Oh Yea!". Can't say more about this but it looks really good for Noront and time will show it.
We talked about the drills and he said that the 3rd drill is in the Blackbird 2 area. He has a fourth drill coming in a week and it will be put in the north end of the belt on our property where WSR, Mettalex and Orbit are. I asked if the movement on WSR and MTX today has anyhting to do with us and he said no. He said WSR is moving up because the guy that runs it also owns a company called Gold Eagle and there was a takeover bid on it today for $1.9 billion by anothe rcompany. He said that guy made $150 million today.
I also asked if there was going to be a promotion and he said they are out on the west coast right now and will also be going to Europe in the next while. The promotion is on.
I asked if there was blue sky ahead and he said it's all blue sky!
That's all I can remember for now. If I think of anything else I will post. Overall he was positive and we just need to be patient guys. Things will happen. I feel very fortunate to be an owner of Noront shares. Still holding strong.
GLTA, and lets havea great summer. Gotta go back to working on my back yard now. Tcp.
Just spoke with Richard
Posted by: tcp1002 on July 31, 2008 03:38PM
He was busy as I tried 4 times yesterday and twice today. Yesterday he was working on the news releas.
Windfall- They are down to zone 11 and 17 and have to go to zone 100. This is for phase 1 of the project. They will reach zone 100 by the end of September early October. In the next two weeks they have to make a decision on phase II. Isked if it looked good to proceed and he said "Oh Yea!". He said they are stock piling all the rock that comes out and it will be tested at some pont befor eit is sent to a mill. He said it looks good so far and told me to look at the website for the museum piece which turns out to be 3,000 oz per ton for that piece.
Mexico- The courts have ruled and he is waiting for final report on what it will cost and it is very close to having the issues resolved. He has been aproached by several companies that want to drill on the properties. Richard said this is what he will do, he will pick some one to drill and spend the money while we retain part ownership. He said there is too much going on right now and it would be beter to have another company doing the drilling.
China- Will be commencing drilling by the end of this summer.
Burnt Hill- Doesn't know what is happening
Double Eagle- I asked about the 43-101 and he it will be completed by August the 15th. Then he said he will be able to talk about the find we have with the Chromite and what it means. He was very pleased with the Chromite and I asked which of the majors are involved with Chromite. He said XSTRATA has the biggest Chromite operation. I asked if they know about our find and he said "Oh Yea!". Can't say more about this but it looks really good for Noront and time will show it.
We talked about the drills and he said that the 3rd drill is in the Blackbird 2 area. He has a fourth drill coming in a week and it will be put in the north end of the belt on our property where WSR, Mettalex and Orbit are. I asked if the movement on WSR and MTX today has anyhting to do with us and he said no. He said WSR is moving up because the guy that runs it also owns a company called Gold Eagle and there was a takeover bid on it today for $1.9 billion by anothe rcompany. He said that guy made $150 million today.
I also asked if there was going to be a promotion and he said they are out on the west coast right now and will also be going to Europe in the next while. The promotion is on.
I asked if there was blue sky ahead and he said it's all blue sky!
That's all I can remember for now. If I think of anything else I will post. Overall he was positive and we just need to be patient guys. Things will happen. I feel very fortunate to be an owner of Noront shares. Still holding strong.
GLTA, and lets havea great summer. Gotta go back to working on my back yard now. Tcp.
Friday morning thoughts from TradingChief [/B]
Good morning. What a difference a day makes, overseas for the most part the Asian and European Indices are a sea of red. Yesterdays weaker than expected weekly jobless claims and weak 2nd quarter gross domestic product numbers, in the US started this latest slide in the indices. Today is another busy day on the economic calendar as we get Auto & Truck Sales, Average Workweek, Hourly Earnings, Unemployment Rate and Nonfarm Payrolls numbers at 8:30 am. At 10:00 am we get the Construction Spending and ISM Index numbers. All eyes will be on the Nonfarm Payroll and ISM Index numbers today, to give the US indices leadership going into the weekend. Weak metal prices are causing the mining stocks to be the biggest losing sector on the indices in Europe, which is a big concern for the Canadian indices heading into this holiday weekend. The Nonfarm Payroll numbers will most likely be the deciding factor for the direction of the US indices today.
Back in McFaulds Lake, the assay numbers from NOT's chrome deposit, wasn't enough to get NOT's share price, to break through the resistance of its 50(MA), and hold it yesterday. NOT hasn't had a close above its 50(MA) since early April and it is becoming obvious it will take some good news from NOT to break through this important resistance point. The 13(MA) and the 50(MA)'s are converging, so a trend break for NOT's share price looms.
The latest word from Nemis, is the chrome discovery value, from Blackbird One, is somewhere around the $15 billion range and the 43-101 for this deposit will released by August 15th. Obviously the market and Nemis don't agree with the value Nemis is telling his faithful, because the market is only giving NOT a market cap in the $430 million range. I can't imagine Nemis giving his shareholders this kind of information but numerous investors are claiming Nemis told them this, in recent telephone conversations. My first thoughts were, one of these days the exchange is going to slap Nemis on the peepee and hard. If Nemis is correct and we use an insitu valuation of 10%, for this chrome discovery, it would add a $1.5 billion value to NOT's market cap. Adding up the Eagle One market cap valuation with the chrome valuation, would mean NOT, should currently, have a market cap of around $1.8 billion. This would equate to a per share valuation of around $13.85, using Nemis's numbers. NOT closed yesterday at $3.30, so something doesn't add up in this equation. Either the market is severely under estimating NOT's true value, or Nemis is so full of b/s his eyes are turning brown. My guess would be something in between.
Yesterday ADD/MTX/WSR's share price took off, all adding somewhere in the neighbourhood of 30% or more to their share prices. In June WSR announced they had discovered an intersect of 131.9 M of Semi-Massive to Near-Massive Sulphides. We have been waiting for assays from this discovery ever since, perhaps that announcement comes today. Yesterday an investor reported the principles in WSR's management, were enroute to the McFaulds Lake drilling camp, so it possible WSR pulled up another core sample of significance. That could be the reason the share prices took off. I would guess WSR will be halted before the market opens this morning, or we get a news release announcing assay results from this discovery, pre market. I have heard, NOT gave one of their drills to WSR, to do some follow up drilling after the 1st discovery had been reported. Whatever the reason, it should be an exciting day for shareholders of these stocks. If we do get assay results and they are very good, or another visual hit of significance, the proximity plays which should benefit the most would be BMK, DSP, MKR and TME.
Word from Peter Smith of FNC, is the drill will be on site and ready to go for Saturday. Smith will be making a news release, announcing drilling has commenced, on Tuesday. Finally the long anticipated drilling program for FNC is about to begin. It should be a wild ride for FNC investors over the next couple of weeks. Best of luck to all who have kept the faith.
The word from David Palmer the President of PRB, is the announcement for assays from the Victory drilling program will come pre market on Tuesday. Included in the assay results, will be a visual report from the McFaulds West drilling program. The market is sure not showing its hand, because the volume of shares traded is a yawner, so far. Perhaps we will get some direction today before the close, offering us some clues on what to expect on Tuesday. One thing for sure, I will be holding my shares until we get the official news. I have placed my bet and to me, this is an all or nothing risk/reward gamble.
There is lots on the plate for investors over the next couple of months in McFaulds Lake. Numerous companies are spending millions of dollars, trying to come up with the next big discovery of significance. All these drill programs under way or just about to get started, should offer investors some gut wrenching opportunities. Many of these drill programs will come up with nothing and some of these smaller companies will slide off into the abyss. However those that discover something of significance will put their companies on the map. The risks are high but the rewards are even higher for investors who get lucky and put their money on the right horse. Exciting times are back in McFaulds Lake !!!
Best of luck to all McFaulds Lake investors.
Al
Good morning. What a difference a day makes, overseas for the most part the Asian and European Indices are a sea of red. Yesterdays weaker than expected weekly jobless claims and weak 2nd quarter gross domestic product numbers, in the US started this latest slide in the indices. Today is another busy day on the economic calendar as we get Auto & Truck Sales, Average Workweek, Hourly Earnings, Unemployment Rate and Nonfarm Payrolls numbers at 8:30 am. At 10:00 am we get the Construction Spending and ISM Index numbers. All eyes will be on the Nonfarm Payroll and ISM Index numbers today, to give the US indices leadership going into the weekend. Weak metal prices are causing the mining stocks to be the biggest losing sector on the indices in Europe, which is a big concern for the Canadian indices heading into this holiday weekend. The Nonfarm Payroll numbers will most likely be the deciding factor for the direction of the US indices today.
Back in McFaulds Lake, the assay numbers from NOT's chrome deposit, wasn't enough to get NOT's share price, to break through the resistance of its 50(MA), and hold it yesterday. NOT hasn't had a close above its 50(MA) since early April and it is becoming obvious it will take some good news from NOT to break through this important resistance point. The 13(MA) and the 50(MA)'s are converging, so a trend break for NOT's share price looms.
The latest word from Nemis, is the chrome discovery value, from Blackbird One, is somewhere around the $15 billion range and the 43-101 for this deposit will released by August 15th. Obviously the market and Nemis don't agree with the value Nemis is telling his faithful, because the market is only giving NOT a market cap in the $430 million range. I can't imagine Nemis giving his shareholders this kind of information but numerous investors are claiming Nemis told them this, in recent telephone conversations. My first thoughts were, one of these days the exchange is going to slap Nemis on the peepee and hard. If Nemis is correct and we use an insitu valuation of 10%, for this chrome discovery, it would add a $1.5 billion value to NOT's market cap. Adding up the Eagle One market cap valuation with the chrome valuation, would mean NOT, should currently, have a market cap of around $1.8 billion. This would equate to a per share valuation of around $13.85, using Nemis's numbers. NOT closed yesterday at $3.30, so something doesn't add up in this equation. Either the market is severely under estimating NOT's true value, or Nemis is so full of b/s his eyes are turning brown. My guess would be something in between.
Yesterday ADD/MTX/WSR's share price took off, all adding somewhere in the neighbourhood of 30% or more to their share prices. In June WSR announced they had discovered an intersect of 131.9 M of Semi-Massive to Near-Massive Sulphides. We have been waiting for assays from this discovery ever since, perhaps that announcement comes today. Yesterday an investor reported the principles in WSR's management, were enroute to the McFaulds Lake drilling camp, so it possible WSR pulled up another core sample of significance. That could be the reason the share prices took off. I would guess WSR will be halted before the market opens this morning, or we get a news release announcing assay results from this discovery, pre market. I have heard, NOT gave one of their drills to WSR, to do some follow up drilling after the 1st discovery had been reported. Whatever the reason, it should be an exciting day for shareholders of these stocks. If we do get assay results and they are very good, or another visual hit of significance, the proximity plays which should benefit the most would be BMK, DSP, MKR and TME.
Word from Peter Smith of FNC, is the drill will be on site and ready to go for Saturday. Smith will be making a news release, announcing drilling has commenced, on Tuesday. Finally the long anticipated drilling program for FNC is about to begin. It should be a wild ride for FNC investors over the next couple of weeks. Best of luck to all who have kept the faith.
The word from David Palmer the President of PRB, is the announcement for assays from the Victory drilling program will come pre market on Tuesday. Included in the assay results, will be a visual report from the McFaulds West drilling program. The market is sure not showing its hand, because the volume of shares traded is a yawner, so far. Perhaps we will get some direction today before the close, offering us some clues on what to expect on Tuesday. One thing for sure, I will be holding my shares until we get the official news. I have placed my bet and to me, this is an all or nothing risk/reward gamble.
There is lots on the plate for investors over the next couple of months in McFaulds Lake. Numerous companies are spending millions of dollars, trying to come up with the next big discovery of significance. All these drill programs under way or just about to get started, should offer investors some gut wrenching opportunities. Many of these drill programs will come up with nothing and some of these smaller companies will slide off into the abyss. However those that discover something of significance will put their companies on the map. The risks are high but the rewards are even higher for investors who get lucky and put their money on the right horse. Exciting times are back in McFaulds Lake !!!
Best of luck to all McFaulds Lake investors.
Al
