Now that Noront is once again in the news with its ferrochrome smelter site selection, I thought I would have a look at this “high flyer.” The company believes it will capture about the half of the US ferrochrome market with its Canadian smelter. They didn’t disclose their marketing strategy but it must be something else.
It wants the Canadian government to ante up about C$1-billion for logistical infrastructure—basically getting its Ring of Fire ore to the smelter and ports.
Finally, its stock is trading at around C$0.35 per share, yes that’s cents. The 52 week low was C$0.27 and its high was C$0.52. The market cap was C$119.05-million.