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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: Jean-Francois Tardiff of Sprott Asset Management on BNN

Exactly, Tardiff (Sprott) or whoever is not on TV to inform the world that they are buying big or for that matter selling big. They really only have to answer to their clients, their investors and keep them happy or bottom line make money for them, not to educate the general public. Now having said that, they also want to attract new clients for themselves so they don't want to appear as duds, they want to look knowledgeable about what they are doing. Therefore if they are invested in NOT or any stock that is in it's infancy as far as potential goes they may want to be careful (hedge their comments) in order to protect their credibility in case things don't pan out but at the same time declare their position in the stock. In other words Tardiff isn't promoting Noront he is promoting Tardiff and Sprott and being careful in his recommendations.

Now I must admit I have not heard the BNN commentary with Tardiff as of yet (I will) but by the sounds of what I have heard here Sprott has a very sizeable stake in Noront and at prices higher than where we are trading today. For me if Sprott shows that much confidence in Noront and Nemis then I can just relax for better days are ahead.

GLTA, Duke

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