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: Windfall

Noront would no doubt love to present us with a 43-101 for Windfall as it would establish some baseline valuation. However to establish proven and inferred gold resources for just the three zones now reached by the 'ramp' will take a good bit of underground drilling and assays. In addition Noront knows there are other 'zones' and a lot of work remains to prove up their continuity and value.

Hard for me to see how Noront can hand us a complete resource study in near future. What they should be able to do however is give us some preliminary figures on 3 zones as assays start coming in.

Personally I feel this is important to refute people saying the money spent on underground access to rich mineralized areas was wasted. I can't help feeling that our share price is somewhat held down due to the doubt raised by Rosseau about value of Windfall.





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