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: Confirmation of Comments from Michael White

Confirmation of Comments from Michael White

posted on Jan 13, 2008 03:59PM

As I watched the presentation again of Michael White of IBK Capital from the Richmond Club conducted end of November there was one slide I reveiwed over and over again and would like to post a portion of his quote to the membership: Michael said, and I quote, " to put this (Eagle One Discovery zone on the Doube Eagle project) into perspective IF that down dip extention were to total 300 meters Noront would have over 700 Million tones of ore valued at $800 dollars per tonne." Does anyone what to quess how much value we are talking about here?? Is it possible that he (Michael White) made a mistake with his tonnage reference of 700 million Tonnes. And does anyone have any idea about where we are currently with the length of the depth and if we are anywhere close to the 300 meters as quoted by Michael White. As I dig further into Noront and just the DE discovery (not to mention Windfall) if one does not get the impression we are not on to something extremely big here....well just look out folks...

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