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: Stillwater - Poly
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May 28, 2008 09:43AM
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May 28, 2008 12:01PM

Poly,

I like your Stillwater reference but although it might be the world´s highest grade PGM mine, it certainly is one of the DEEPEST !

("The plateau and Stillwater Complex have been deeply incised by the major drainages and tributaries of the Stillwater and Boulder Rivers down to elevations at the valley floor of approximately 5,000 feet."

and

"The surface outcrops of the reef have been examined, mapped and sampled for approximately 28 miles along its east-southeasterly course and over a known expression of over 8,200 feet vertically.")

Ref.: http://phx.corporate-ir.net/phoenix....

And another interesting fact is, that Norilsk Nickel is the majority shareholder of Stillwater since 2003.

The best thing for Noront:

our deposits are close to surface and most of the discovered ore so far could be mined open-pit (which is a big advantage if you don´t have to go 8000 feet deep to get the ore). And our grades are high as well, tonnage is rising and we have potentially quite a few mines in one place now, which would be :

1. PGE mine (and I really like Rh)

2. Ni mine

3. Cu mine

4. Au mine

5. Ag mine

and now

6. CR mine



Waiting for the market to be finally convinced of this and giving Noront and staff the respect this find deserves.

And although Poly just puts max. $1 in for Windfall (which means Eagle1 is now pretty cheap at $ 3,08), I would like to remind everybody that there might be some surprises around the corner.

FANTOMAS

P.S.: need to free cash to add to position up to $ 4,50, which I think is an absolute bargain.



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