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: Just spoke with Richard Nemis.....

I asked Richard if there was anything he could say that I could post on this board to reassure the NOT faithful.

He answered as follows: - (some of these are direct quotes, and some my best recollections)



He believes market conditions are part of the problem.

Then he said, the lack of news being released is another part. My impression was that this is the bigger part in his opinion. Then he said, "but that is about to change. There will be more information coming from the field."

He went on to say that Noront management had/has a plan, to develop the company. They are very satisfied with their progress regarding the hiring of "highly qualified executives, and other key personnel." He asks that we, "all be patient, and let them complete this plan. We are almost there."

They are concerned and unhappy with the share price, and are watching it....he was aware that Canacrap ( RN said Canaccord) is dumping today, and "have their own agenda."

Then I asked, "So, after everything you have just said, Mr. Nemis, are you as excited and confident in Noront's future as ever."

He answered, "I honestly believe".....the rest of this is not a quote, but accurate to his meaning......that things are very bright, brighter than ever. We have a great future and that will become apparent soon.

Richard seemed to be answering my questions with earnest, (dictionary says, "intensely serious"). I believe he was being totally honest with me, as he has always been. I believe he wished he could tell me more.

I know it is hard for all of us, (more so for those who bought in much higher) to see this ridiculous drop in price, but I believe strongly that if you are able to hang on, you WILL be rewarded.



Godd luck all, Canseco



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Jul 03, 2008 11:52AM
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