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: Notwithstanding....

"I know they must follow legal constraints when releasing news, but the sooner they explain the Noront "stories" (the narratives that help us make sense of the facts), the better it will be both for the daily stock price, and for the peace of mind of long-term NOT investors."

There is a good deal of interpretation to many of the "legal constraints". If NOT is trying to prove a theory based on drills and they are not finished their exploring, provided there are not leaks, they are likely well within the regs to continue without reporting until the phase is completed. As for the sp, NOT is little concerned about the day to day sp as there game plan is longer term, though they are working as quickly as possible for strategic reasons et al. They are concerned with the sp only in as far as their concern for their investors comfort is a part of doing business.

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