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Gold/Mining/Energy : Noront Resources (NOT VSE)

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To: Phil Cressman who wrote (41)3/14/1998 1:27:00 PM
From: Phil Cressman  Read Replies (2) of 128
 
Down in Toronto Friday and picked up a few rumours from fairly reliable sources. Evidently ALTO picked up some financing and is set to drill like mad. Noront has deal in the works for some Financing as well and we should hear more in week or so. Evidently it is true that some major companies are extremely interested in the Noront/Altos property and it would appear a good bet that this could be a massive find. One gets tired of holding a large position with miserable activity and low share price however on reflection and looking at the data and info given me, this is a giveaway at current prices. IMO this stock will go straight past $2 and blue sky limit if next drill holes hit what is expected. I might sell half holdings at $3. Feeling pretty damn pleased with my position.
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