Some express disappointment about yesterday's news. I believe they are wrong. They worry about the market selling off tomorrow because of short intercepts. Perhaps it will. If so, wait for a bottom and buy. Here's why.
Eagle 1 has always been an oddity. It had a strange geometry within uncertain geology.
Today's news about Eagle 2 sheds a lot of light. Consider the presence of massive chromitites. Consider the reported large crystals of pendlandite. This now suggests a type of origin for Eagle 1 as well as Eagle 2. If it's as indicated, implications are extremely positive for the area.
Forget width of sulphides reported yesterday. That means little at this point. Instead ask yourself, where else in the world do such conditions exist as reported at Eagle 2? Any serious geo types on this board should have some thoughts.
Personally, I'll be very interested to see assay results for PGMs. Some have already run incredibly high from Eagle 1. That's another clue.
Sometimes we miss the forest for the trees. A set of unique circumstances may be staring investors in the face. Apparently many can't see it. That's unfortunate as their loss could be others gain.
The geological possibilities I'm referring to are not rocket science. Think about ultramafic intrusives. Think about about layered mafic and ultramafic intrusives..... with thick chromitites. It's almost a classic case, my dear Watson
Good Luck to all
7 members recommend this.
Mr. Parisotto and Mr. Hamilton address the Noront investment community.
