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: Very good news on SPW/FWR

Of course PGM's are of interest but the results aren't good enough to do much for SPQ or FWR's share price. Unfortunate since I own both.

My feeling is they are just one more indication that the 'ROF' is excellent exploration ground instead of indication of potential big hit on FWR/SPQ ground. As such it may boost confidence in and market price of Noront and BMK more that it does FWR/SPQ due to their large land position and good targets. Fortunate since I own both.

Fancamp continues to hang on to Noront's coat tails although their grip seems to be a bit loose.

Noront is still far and away the premier player in the 'ROF' and as their share price recovers it's likely they'll pull up the others in the area.

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