HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: value of Noront
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This is where I have problems following the reasoning behind some of the posts that I see here as to the value of Noront.

As mentionned in my original post, as an accountant, I look at the value of shares based on the possible return a certain investment can produce.

Based on a price of 7.5 cents per share, Noront would have a market cap of $17 million. How can a company that holds title to 10 billion worth of minerals be only worth $17 million?

How do you get to a price of 7.5 cents a share.

(I know there's a lot of arguing on this board and bashing one stock in favour of another etc. - I'm not here favouring one company over another - I'm simply looking at this in an investment frame of mind)

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