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: Re: Sleep well fellow Noront shareholders...

Great Post Millsy.

I would just like to add my 2 cents here in regards to one paragraph:

November 27, 2007, Noront announced that it entered into an agreement with J.P. Morgan Securities Inc., to assist the company in evaluating strategic alternatives to maximize shareholder value. Again, Noront's management and board at that time believed there was significant unrecognized value in the company's stock price. (S/P close on Nov. 27/07 - $5.55)

So back in November, with the SP at $5.55, Noront management though we were undervalued. Now, 4 months later, with 4 out of 4 drill holes hitting mineralization at DE2, having an extra 43M dollars in the bank from some of the best mining guys in the country (including the warrant money to come soon), hitting more gold at Windfall, hitting hole 27 which topped hole 5...our share price is lower...How do you think management feels about the share price now? They think it absolutly stinks!!! And they are right. This is the most undervalued stock out there.

Glorieux

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