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: A little reflection.....

A little reflection.....

posted on Oct 25, 2008 04:53AM

I am exactly 7 months into this venture stock game and it has taught me a few things about myself. I have far more patience then I ever thought I could have and I definitely am more resilient then I thought. To watch my investment drop by 75% during this time due to the poor economic situation, a take over bid and a reverse split in another company. I never once paniced, but damn I can tell you I was pretty concerned.

I learn an awful lot from these boards and appreciate everyones insight. I think it is akin to one large family. Generally happy, but on occassion we have our spats and one or another goes off for a week or 2 to cool down. Occasionally we get some cousins to come and visit us, we allow them to come to our homes but soon see that they are only here to free load off us and take advantage of our good nature.

I have watched retail shareholders revolt, not once, not twice but 3 times.

Aurilien, our friends there tried valiently to stop the sale to Kinross, there were some herculian efforts there but in the end they lost.

At Spider they wanted a 10-1 reverse split and the retail shareholders overturned that in a huge way voting over 60% to turn it over. The efforts of a number of people on the SPQ board made that possible.

And Here. What can I say that hasn't been said? The calls to arms, the action by Glorieux and team, the focus and determination is to be admired. This will be recorded and talked about for some time. I am sure that there will be stories written about this and the fight of david and goliath will be compared to this.

There has been talk of revenge and PP's for retail. As much as I would like to hurt Mr Irwin, I think the man has done it to himself and he will have to live with the consequences, I am not sure many will have faith in him in the future, the osc probably won't deal with him as he is just too slippery and he will offer his statements as opinions, never the less, he will lose and he may just lose his hedgefund as well, but you never know, these guys have a way of rematerializing in the future. We just need to make sure we and all our friends never invest with him in the future.

I am not in favour of furthur share dilution, I suggest you scratch up whatever you can and buy at these ridiculously low prices, I increased my shares by over 40% in the last 4 weeks with an avg of $1, in March I bought at 5.70. A major will come soon enough and there will be enough cash to build our road and start to make this a viable mine. Within 2 years we will have enough chromite proven up and the majors in this area, NOT, FNC, FWR, PRB, UC SPQ and KWG wil have an agreement where we all share in this remarkable discovery.

Along the way we will watch our shareholder value increase and in the end get our just reward to pay us back for this insane ride we have gone through over the summer.

Tuesday will be a day to remember, the day retail overturns the bad old hedgefund. It will be a day when we see the new vision for Noront start to unfold. Let management lead the way..be patient my friends....Rome was not built in a day, McFaulds will not be built in a day either. Your rewards will come soon enough.

Although its raining this weekend where i live this has been the brightest its been in some time, enjoy your weekend everyone. I will see you at the agm on tuesday.

Regards

Storm

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