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: Discounts

Discounts

posted on Oct 13, 2008 08:00AM

I think Rosseau and company not only have discounted Windfall but the chromite as well. They seem to be saying nickel is where the value is and Noront should have ignored the blackbirds and focused their resources on finding the nickel/copper/pge conduits. We all have been researching and validating Noronts recognition that a world class chromite deposit has significant importance but Rosseau wants expertise on the board with greater nickel technical (as if we don't already have it). Obviously, their thinking is break down the pieces, prioritize cash spending to suck out the best immediate return for a short term short sighted gain. Big mistake.

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