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: Noront remains the premier choice for McFauld play

Noront remains the premier choice for McFauld play

posted on Jan 26, 2008 10:37AM

Like some other forum members I've dabbled in some of the other 'Ring of Fire' players. SPQ, FNC, FWR, BMK and Probe to name perhaps the most prominent.

However after a solid week of repeating all due dilligence and yes reading informative posts on this forum I'm changing my mind.

Oh I'll still keep some FNC because of it's proximity to DE 1 and it's too cheap to pass over, at least I think so.

The others, well too me they have more speculative value built into their price than is incorporated into Noront's share price. They will go up as Noront proves out DE 1 and really up when they find DE 2 . But do they have as good a chance to find a truly high value economic deposit as Noront does of expanding or finding another?

I remain suspicious of how widely dispersed the Double Eagle mineralization is going to be found. While not questioning the fact there has to be a lot of mineralization in the Ring of Fire I wonder if the same conditions that caused the DE 1 'pod' will be repeated further away.

Noront isn't a gamble and placing bets on the other players might not be spreading the risk but taking more on.

Feel free to comment, love to have any other area player hit it really big as it will help Noront. Just my current feeling and you might convince me otherwise.

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