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: Information we can't have

Information we can't have

posted on Jun 12, 2008 08:17AM

While we wait for exploration results and news it's interesting to consider the information Dick Nemis and Noront has on hand that they can't share with us.

There are two constraints on them, one is the stock exchange rules and legal implications of releasing 'theories' and estimates. Second and just as important is safeguarding extremely valuable geological data which could be used by competitors or used by Noront to entice jv's and partnerships.

I'm positive Noront has by now a very good idea of the current net worth of the ROF as well as a target for this spring/summer exploration. But you can't come out and say this without getting into trouble and can't even release the backup information because it let's too many people in on proprietory info.

If we're frustrated today then how do you think Dick Nemis feels? If all I was allowed to say was 'Hold on to your shares' instead of a lot more it would sure frustrate me.

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