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: Re: Important rumors on Eagle 1 to keep in mind for next week

Sum4All and Goldy

I felt like Sum4All last Oct 8th. I have epeated part of my post on that date below to show my logic... but I was wrong. Two days later, Oct 10, they gave us another doozy release, one without ANY new assays but lots of descriptions about the latest drilling...

This makes me a little uneasy about what has been going on since then. We've had no more descriptions, not even a hint or a leak.

So, a significant change in communication style?  I am counting on it. If not, then it means they don't have anything new that is exciting enough to tell us about...

However, what has given me a boost in confidence is how the market has acted this week. No news but steady price rise. It would seem somebody knows something or she would have started to drift south on Tuesday.

Here my partial post from Oct 8, 2 days before the Oct 10 news:

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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!'

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Good NOT all

BK

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