BullMarketRun.ca

It’s rather ironic, given the battle over Freewest Resources‘ (FWR, TSX-V) chromite deposit at McFauld’s, that Noront Resources (NOT, TSX-V) actually is the first to come out with an NI-43-101 resource estimate for its chromite…a flurry of news releases have come from Noront over the past 24 hours as they try to “close the deal” with Freewest shareholders by emphasizing the upside of the Ring of Fire, but Noront needs to deliver with its share price today or it could be game over for them…Noront’s offer expires at midnight tomorrow…meantime, Cliffs Natural Resources (CLF, NYSE) has increased its offer for Freewest this morning to $1.00 per share…the maneuvering in this great chase game is getting complex and difficult to understand for many investors…Cliffs this morning continues to downplay the value of Noront’s $4 share purchase warrant offer to Freewest shareholders which we believe offers tremendous value given the bull market the Venture Exchange is in and the fact Noront has such incredible upside potential over both the short and long term…why a Freewest shareholder would prefer to hold shares of Cliffs over Noront, and therefore lose valuable upside exposure to the Ring of Fire, is something we just don’t understand…Freewest shareholders have benefited enormously from their company’s exploration and discoveries in the Ring of Fire, so why not jump in with the “King of the Ring” to take that success even further in an all-Canadian effort…the bottom line is that Noront shares offer far greater upside potential over the next year and several years than Cliffs‘…the share performance of each company over the past year speaks volumes…Colombian Mines (CMJ, TSX-V) enjoyed another solid day yesterday, jumping another 12 cents to .83…any pullback or weakness should be viewed as a buying opportunity…we see some big things soon for Gold Bullion Development (GBB, TSX-V) which we first mentioned yesterday…we’ll have more
on Gold Bullion soon, but investors should do their due diligence and consider accumulating around seven cents for a significant move by early January we suspect…