Hi all,

I heard some rumblings about where I went today ;) I was busy performing triangulation on the James Bay area based on the results we have seen so far. Thanks to S2000 for his assistance with the triangle calculations today and JOHNDEFER for posting his price estimates.

Highlights:

- We recognized a definite North to South mineralization trend whereby the % values increase as the depth increases.

- The extent of the depth on the southern edge is unknown. The Eastern edge looks to be 50 metres from hole 2 for a true width of 50 m.

- More data is needed for the Western side of holes 1, 2 and 5 to determine true widths.

- More data is needed for the depth of the Southern incline to determine true lengths.

- Depth of mineralization is consistent at 120M from surface at the North to 177M at the depth of hole 2 (at which point it hits the Western boundary).

Here are some pictures with the numbers. We have included known drilling angles, core lengths, and calculated lengths using Euclidian geometry (aka Pythagorean theorem).

Please note that we did not use the actual full length of the drill cores, but only those that reflected significant mineralization. With the angles in holes 1 and 2, the "ends" of the cores with no value did not have an impact as these were at the boundary of what appears to be an Eastern wall (as you will see below).

This post is not intended to pump or bash. Just create discussion. We believe it is as accurate as we could make it given the info provided to us through NRs to date. No rumour data was used.

First, the layout of the land:

Now for Hole 1 and 2 Calculations:

Here is what we used to get the length from Hole 5 to the ends of Holes 1 and 2:

Finally, some calculations:

We encourage those that are technical on here to check and double check my numbers. This effort is a continuation of what others on this board (like johndefer and fairchij) have already started.

Please remember that these are initial values that we believe to be real depths, lengths, and widths between hole 5 and holes 1 and 2. This is by no means the extent of the property or the final tonnage numbers. There is still a lot of drilling to go on. As well, the SP does not reflect any of the other Noront properties such as Windfall, Burnt Hill, Lizar, Mexico, China, or Hunter's Point.

Misfit1 and S2000.