The main reason why we did not see the SP jump we expected:

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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Francis Dube

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The main reason why we did not see the SP jump we expected:

posted on Feb 26, 2008 01:44PM

Please re-read this part of the NR concerning the PP:

Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days on the principal exchange on which Noront's common shares are listed for trading. The common shares and warrants comprising the units, and the common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008.

Now the longer it is before we cross the $6.00 mark for 10 consecutive days, the longer these individuals/company get to keep their money in their pocket. On top of that, it reduces their risk the closer they are to the hold period which ends on June 7th. Sprott is the likely culprit. But fear not Long NOT friends, they all want the SP to appreciate, they just want it to be on their schedule. So again, sit back and enjoy a cold beverage!