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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Bonne question glorieux.

The market is very skittish these days, and is not assigning much value to speculative plays. As such, it will value highest the company(ies) that (1) have the goods and (2) the money to continue their drilling programs. In this case that means Noront and, potentially, SPQ et al.

Best regards,

seawind

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