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: Playing 'lets make a deal'

Playing 'lets make a deal'

posted on Sep 30, 2008 03:23PM

For argument's sake say a 'Major' is considering taking a position in the 'ROF'.

It was suggested that FWR could be of interest but think about it. FWR has 2 holes into chromite and aerial/ground work indicating a large 'target'.

Noront has a 43-101 showing clearly a valuable, rich nickel deposit. In addition many holes thru chromite some of which have assay results on.

As a 'Major' you're going to be commiting to large initial outlay of cash for a buy in and large drilling program. Yes to advance chromite because make no mistake it's of value BUT also to add to nickel because it can be skimmed off fast and processed in Sudbury to payback initial infrastructure costs IF the project advances due to good drill results and proving up mineralization.

Which company would you decide to work with given the uncertainties that always come with exploration?

Once established in a solid relationship with one ROF player the opportunity to do side deals along the way will always be open. Personally I too believe FNC along with SPQ/FNC etc. will be involved but safe bet is Noront will be the first one asked to dance.

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