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: how many irons does NOT have in the fire?

Noront uses Biliken Management to run the ROF exploration program and I'm near certain that Noront has fewer full time, on the payroll, staff that most realize. I figure you're looking at 3 Management and 2 support staff. Even PR is jobbed out.

Just look at the last financial statement to see what was paid out for the past 9 months for total office, management and consultants.

THIS IS NOT A NEGATIVE because it means Noront is 'lean and mean' with nobody on salary just warming a chair somewhere.

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