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: Still hitting higher grades
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It's good of you to bring back into attention Noront's comment about 'come talk when your have 30 to 40 million tonnes' . That would seem to be the starting point for interest in Chromite with 50 to 100 million being ideal.

Still with Noront's drill results and now FWR's clearly indicating a strike length of 10+ Kilometers how far are we from inferring a 40 to 100 million tonne deposit. Consider that a 100 million tonne resource is worth more than twice that of a 50 million tonne resource as it allows capital cost amortization.

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