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: Due Dilligence

Due Dilligence

posted on Jun 27, 2008 03:35AM

Question that we might get the answer today on is if there are a lot of potential investors, or fence sitters, who will actually go to Noront's website or even here to this forum to do some due dilligence?

The current market price does show a certain lack of understanding of just how very well Noront's exploration of McFauld Lake claims and Windfall has been going and the value added.

How many people actually have read the background geologists report that prompted the spending of major dollars to put in the Windfall access ramp? We're excited be cause we have an idea of what yesterdays news means. Looking at the ramp diagram and one sees that the drifts East and West on zone F17 are just starting and F11 zone perhaps only a week away from access.

Somebody said earlier about the visible gold that it was to be expected as they were close to where they new the zone was and the market would have taken this into consideration when pricing Noront. Well I believe that's baloney. Drilling from above to define the zone F17 was a nightmare, now from underground they can actually trace the twists and turns of the gold and even poke some short drill holes to define the mineralization.

The market, imo, didn't put much value on Windfall since no resource estimate or value could be estimated until some idea of extent beyond what straight drill cores could disclose. Now the market has to wake up and say 'WOW'. Not only has Noront hit rich gold ore when drilling a few holes for hydrological studies but look what they're running into even before they get to the ore body drilling indicated!

I'm still unsure how Noront wants to proceed regarding assays on zone F17. They know best although I'd love to see them just pull out 20 tonnes and have a nearby mill run it thru to see how much gold comes out the other end. Quick and dirty with results really fast Geologists will be having a field day planning a program to trace out this rich ore body.



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