Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: right of way

B-Jay;

Wes Hanson testified infront of 41st PARLIAMENT, 1st SESSION, Standing Committee on Natural Resources, on Thursday, February 16, 2012, "Basically our analysis indicated that James Bay was too shallow to accept vessels of sufficient draft to be able to reduce shipping costs dramatically. Noront's situation is a bit different from that of Cliffs and some of the other companies in the Ring of Fire. We're only looking at shipping 150,000 tons of concentrate a year. We could do that easily through a combination of a concentrate pipeline and a permanent road."

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