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: Amended repost of my NEWBIES GUIDE TO NORONT : 2008 EDITION

I think this is valid portrayal of possible share values. However, I would add this caution. There needs to be 10-15 million tons to justify the capital expenditures required. So, if there is no more ore discovered (I do not believe this will be the case) by NOT or any others in close proximity, the value really is zero.

I think that our SP has been depressed by market anxiety that we will not reach the magic number. Once we do, I believe by mid-Feb at the latest, the share price should start to soar.

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