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: Re: WINDFALL RAMP UPDATE - NOT TOO OPTIMISTIC,POLY !
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May 18, 2008 12:21PM
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May 19, 2008 06:29AM

It does get complicated with Government licensing because 'bulk' sampling is not the same as obtaining full license to operate a mine and there are restrictions on how much can be done prior to filing for mine license.

Yeah, you´re right Poly !

I think, Noront and it´s management hasn´t thought about that issue so far, you might want to give them a call to let them know.

And with regards to Windfall and the share price, I wouldn´t be too optimistic (as you seem to be nowadays): according to your estimates, the maximum of $ 1 for Windfall is already baked into the price, isn´t it ?

Even if they bulk away ounces and ounces of gold (just remember the last Windfall "accident drill" update !), $1 is enough and that´s already in our $ 4,50 ish.

But it was nice just to see the progress !

FANTOMAS

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May 19, 2008 06:58AM
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May 19, 2008 06:35PM
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May 19, 2008 07:24PM
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May 19, 2008 07:46PM
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