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: Bit discouraging

Bit discouraging

posted on May 08, 2008 05:39AM

That Noront can't yet get out a news release. Visuals on the last, large number, of drill cores on DE2 won't mean as much as they would if we had the assay results on the first bunch. Nevertheless the only one the delay seems to help are those feeding on the insecurity of investors to pry away some shares at bargain prices.

Noront management seem to have made their choice and that's to wait to give a comprehesive and meaningful report which means they will wait until assay results are in and interpreted. In the meantime it means a bit of short term pain for patient investors in all the 'ROF' players.

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