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: Conspiracy theory...
19
Apr 18, 2008 08:48AM

"I do not understand why PRB's market cap is lower than FNC's. They have done more work, management is more active. They have some interesting result with the MMI. Their land package is smaller but I do not thik it justifies the difference in MC."

I'm not sure why so many people believe PRB has a smaller land package than FNC. Yes they have only one claim block 450m from E1 but they've got a large overall land package. Before Christmas an Agoracom presentation stated Probe had the third largest land package in the area (I'm sure that's no longer the case given all the staking by others). PRB has 15,000 hectares of land. They have claimblocks running in a northeast direction on the inner ring NE of FWR. And their market cap is currently 28million, which certainly has to be the cheapest in the area for a company with 100% ownership. By the way, their website says their Victory project alone has 34 identified anomolies.

Sorry to go on about Probe on the Noront board, but Probe seems to get little respect.

I'm a Noront holder since 2006.

GLTA

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