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: Question for the board

Question for the board

posted on Apr 29, 2008 06:42PM

Here is the scenario that I see possible:

Eagle 2 assays come in and they are good to great identifying a second richly mineralized body. Noront will go up of course and so would the area plays. On a % basis, what do you think would happen? Would Noront lead the rise from a % basis, or would some of the best area plays rise more on a % basis?

With Noront having 2 bodies, of good to great mineralization, we are closer to critical tonnage for a mine and the cluster theory is looks better and better. Our odds of finding more pods increases. However, the really big money and the majors want most or all of the risk removed. When one keeps this in mind, Noront would be the horse the big money would be more comfortable betting on I believe.

Any thoughts on this are appreciated.

Glorieux

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