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 reinforces my view ...

Hmmm good question, what's the down side for Noront?

  • Doing a bad deal with a major
  • doing JV's with companies that don't have the right people on board to explore the property to it's full potential
  • having directors sell shares before major announcements and AGM'S
  • not enough drills - should be drilling this like swiss cheese. By the time INCO did the deal they had drilled over 100 holes at VB. Imagine where we'd be now if we'd have done that before these tire kickers came in?
  • are they good negotiators? - big issue -
  • Area players

Maybe these can't be really construed as negatives as the positives so far outweigh any thing else. But yeah your right you need the balance the positives Vs. the negatives.

 

Oz

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