Financial Post reported an interview with Noront Resources Ltd’s (TSXV:NOT) President and CEO, Wes Hanson discussing recent findings at its nickel-copper-platinum group metals mine.
Noront’s President and CEO, Wes Hanson said:
That is a more difficult thing to try and predict. I mean the markets in North America have certainly been flat lately and not a lot of interest. Nickel is kind of the Rodney Dangerfield of metals right now; it’s not getting a lot of respect because prices are down from their all-time highs, rather significantly.
Again, we do have one of the few new nickel-sulphide discoveries in the world today. It’s a very high-grade deposit, and it has great potential upside, but we’re in the process of converting from an exploration company to a development company, and we’re in that area where the higher-risk investors aren’t interested in our play because we’re not involved in on-the-ground exploration, and we’re still too early for the investors who are looking for less risk and more stable investments because we don’t have permits in place, and we didn’t have our feasibility until today. The feasibility study kicks off a new period of investor changeover. This is our first step in becoming a more viable investment for investors looking for more stable investment opportunities that offer excellent returns over a longer period of time.