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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Damn but I wish Noront would have stressed that this is just PRELIMENARY and only deals with 'Proven' resource at E1

E1 is not even fully defined and there is almost certainly more Nickel in immediate area.

This report does not even touch on Chromite resource potential.

All this report does is prove that RIGHT NOW there is more value than is expressed in Noront's share price in the market. No value even guessed at for other resources or exploration potential in the ROF.

When the smoke clears and exploration results prove up the other resources I'd not be surprised to find this, by then old, report covers less than 10% of ROF value for Noront.

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