Re: J/V

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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Canseco

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Re: J/V

in response to

J/V

coop

posted on Feb 05, 2008 09:37AM

As other posters have said, all these JVs amount to a vote of confidence from mining people who know more about this play than most/all of us.

The cash being paid to Noront now, and going forward is starting to add up, as well as a substantial number of shares in the various JV partners. This adds to the "real value" of Noront.

IMHO we are currently not getting 1 cent for this value, or the value of Windfall, Burnthill etc.................but eventually we will.