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: Possible Strategy

Possible Strategy

posted on Dec 11, 2007 06:02AM

While normal practise for a Junior Exploration company is to pump out news releases fast and furiously to keep interest going in a stock. Putting as positive a 'spin' on whatever is happening comes naturally.

It appears that Noront might now be finding themselves playing a substantially different game. Remember there are professionals involved in ensuring NOT is positioned for maximum dollar value to a major mining company. That means playing a longer term and more conservative game. Contributing to this could be RN and team knowing for certain that DE is proving out to be all they need, not want but need, to establish mineable resource. That takes off the pressure to fire off releases but means they have wait and put out news that confirms the total deposit and prospects.

Of course RN and team are lining up jv's and other deals and why tip their hands with news until they absolutely have to. A hole like #5 would have to be released immediately but generally proving up size of resource could be held back and probably is being held back.

There is of course no guarantee that my guess at reasons has a bearing on why news hasn't come as fast as we'd like but might have some basis in fact. RN has to listen to his advisors who could be putting on some brakes.

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