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: Someone is cooking and I like the smell - OBG

Re: Someone is cooking and I like the smell - OBG

posted on Oct 02, 2008 10:22AM

OBG,

I completely agree with you that the leaks have been plugged.

Richard learned the hard way about the implications of leaks in the says leading up to the Windfall Hole 100 result release in December 2006. The stock jumped from .18 cents to .30 cents in the first 30 minutes with over a million shares (the daily average being 100K up to that point) being traded in the first half hour because of a leak. The stock was then halted for a few days until they could get the bonanza assay results out in a press release.

For those you have been around a long time, you will remember that 8 more holes were being released that month and the results hit us like a bomb. No warning. No leaks.

The same could be said of Double Eagle. The stock was trading in the .30s and was suddenly halted. They then announced the first hole results from DE1 and the rest is history.

Noront has learned how to contain leaks. The TSX has ensured that they do this. This is why they show they show photos of the drill cores when they hit record visuals. In order to provide you the same advantage as the driller's relatives.

Don't quote me on this but I also believe they have a cell phone ban on these properties.

M1.

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Oct 02, 2008 11:02AM
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