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: 3 out of 7 board members

3 out of 7 board members

posted on Nov 12, 2008 09:41AM

are from the Rosseau camp. Rosseau's original slate held these views, as expressed before the BOD compromise:

"The Genuity analyst report dated October 10, 2008 stated, among other things:



"We believe the Rosseau action is a positive development for (Noront)
investors. Although some changes have been made to strengthen (Noront's)
management team in the past number of months, we believe a shake-up by
replacing the board is best for shareholders as greater technical
'nickel-related' expertise and greater technical/corporate disclosure needs
to be brought to bear. ..."

Sooooooooooooo.......if Rosseau is all for more corporate disclosure,( at least in theory) and our old BOD under RN was guilty quite often of telling the shareholder too much, as evidenced by the crackdown by the TSX on the chromite story, then who is not telling the truth here? Why are we getting LESS information these days than BEFORE? Who is winning the boardroom battles and swaying the consensus of opinion?

And that 28 m of Ni-Cu, especially the 14 m section of massive sulphide, these guys would already know the % within a margin of error of 1-2% because of the field analyzer. So whoever gets in on the PP would possibly be getting in just before another major discovery. That'll be something to watch carefully, to see who participates in the financing.

Awaiting the greater technical/corporate disclosure feels kind of like waiting for the Great Pumpkin, to quote the Peanuts gang, or even "I got a ROCK!!!" when everyone else is getting treats...LOL

JMO




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