HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: This week.

This week.

posted on Oct 08, 2007 07:12PM

I think it is possible that we will have no news this week. I say this because Richard stressed repeatedly, that even stamped 'rush', he has no control over the return of assays.

Waiting for assays... many weeks is not unusual.

Natually this will be interpreted as bad news by the new shareholders and the price would drift lower. But I don't agree with Mining Junkie's hint that this would in fact represent bad news. It would just be what is is, news that is slower to arrive then we would like.

In addition, now that the word is out on this find, I don't think Noront feels the same amount of pressure to halt and show cores, etc, before assays are returned. Everyone is well informed now of the possibilities here so there is no need to announce 'I think we have another bloody good hole here!'

So.. no news this week will be difficult to weather psychologically - expectations are HIGH. If you have the stomach for it, it could be another great buying opportunity. Believe me, the bashers on stockhouse will be riding the NO NEWS horse hard to make all holders worry and fret.

When the good news does come, as mining junkie says, it will be on an express train... and express trains are better to catch at the station rather then coming at you at 150 mph... so stay/get on the train while she's still at the station!

You know, I will be mightly glad to be WRONG and have a nice big fat halt at 9:20 AM EST! Geez, that would be like that Christmas morning long ago, when Santa actually read my letter to him!

Merry Tuesday to all, and to all a good NOT.

BK.

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