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: Supurb #'s .......- deputy
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Jan 03, 2008 04:25AM
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Jan 03, 2008 05:06AM
My guess, based in part on recollection of the News Release stating the Rhodium Assaying, is that due to the Specialized nature of the Assay requirements and the need to have them confirmed (re-assayed for accuracy testing/checking etc.) Noront has chosen to have a second Lab do the same work so as to have diversity in comparison of 'Final' assay results. This will give the results, when finally completed very good strength, and will satisfy the Institutional Investor category as for the accuracy and precision,etc. needed for such involved testing/assaying. A second Lab would have to confirm the results of the first Lab in any case. Also the second Lab apparently has different equipment that will give additional info on the actual chemical characteristics of the ore the Rhodium is found in and this will also provide info for future "Extraction" Chemistry knowledge that will also add value to the worth of the Tonnage. This is the case as this type of knowledge is very valuable and will have to be eventually worked on by whoever intends to develop a Mine on the Double Eagle site. It will allow quicker analysis of the Smelting/Refining process that will maximize overall metal recovery. Noront is wisely doing this work up front and the Buy Out value should reflect this valuable additional information as being before the fact instead of the usual after the fact. Thus, one less counter argument the Buyer will have to use when trying to justify too low a final offer. We will know better and will expect better from the Buyer. With this info included in a NI 43-101 from the outset Noront will have yet additional data to help in Maximizing BUY OUT Value. Plain and simple! Noront is in the process of providing (perhaps the first of its kind) any potential BUYER with a "TURN KEY MINE and PROCESSING Facility". The Tech future is coming to the Mining Sector vai Noront Resources. Just one more item for the Manipulators to deal with as they ponder every minute of every passing day, nowdays. Noront and Richard, 'Stick it to them'! I for one will be among your greatest supporters!!! Old Joe
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Jan 03, 2008 07:45AM
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