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: Just another opinion…
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Greetings BullyBoy,

There is one part of your post that I don't agree with. You said,

"I would think it is safe to say, Rhodium, Osmium etc. is no longer a factor in the valuation.

Noront's answer today said,

"Then we started having trouble with the analytical labs providing analysis that would pass the QA/QC program in place. We have not asked the lab to go over the anomalous Pt, Pd samples and re-assay for Rhodium at this point. This can be done at anytime we choose as the labs have sample pulps left for any additional analysis that we may ask for.

I think Rhodium etc. is still a factor. I think management is confident that the assays from Hole #5 give a good indication of the potential, but proving it at this time is just not a priority, due to the above "trouble".

Respectfully,......Canseco

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