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: Food for thought.

Food for thought.

posted on Apr 28, 2008 06:23AM

Unless I am missing something, I believe that this QC issue has added silver (platinum) to the lining of the end game in the Noront story. The end game being the final take out price! Through lady luck rather than design, RN has gained extra time for drilling without having to put the results into the BIG BOYS hands. This allows Noront to fly under the radar for a bit longer before really blowing the top off its market cap and insuring a more competitive interest from the majors in the buyout. As you can tell I believe they have the goods, it’s just a matter of drilling like crazy and proving up great reserves before the Majors start salivating too much. This will be a thick chapter in our story and if you are in for the long term it can only add value.

NL

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