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: Nice

Nice

posted on Oct 31, 2008 07:36AM

To see we're back watching for another blockbuster exploration hit that all of us feel is just a matter of time. NOT/FWR/FNC all have the potential to release visuals/assays etc. at any time.

Like at lot of you I'm way upside down in Noront and in discussions with a good number find I'm not alone in being more upset with the slide down from $4 to $3 than the slide from $2 to $1.

Our reasoning is that $1 is totally out of line with anyone's take on Noront's current value let alone potential. To us getting back to $2 is just a matter of waiting through Market turmoil. It's getting back from $2 to $3 and then back over $4 that is worrysome because that requires MORE in way of deposit size/quality which depends upon both good hits in drilling and a good few of them.

Given the quality of geologists and understanding of mineralization AND cash in the bank we're holding long and frankly $4 will settle our stomachs but not intice us to sell a single share.

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