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: Still no Market Bottom in sight, why?

I have to agree with you, Sum. There have been an average of about 1/2 mill shares/day traded over the last 60 days. This is obviously not shorters, nor would it be day traders in this market. Some one or several entities have been accumulating while everyone has been heading for the hills. Are they the smart ones?The longs, and even the not so longs, that have sold off in the last two months, have sold off because of market conditions, not because of a failure of potential here at Noront. Many of them are still believers, but had no choice but to sell.

I sincerely believe that, when the market does start the inevitable run in the other direction and Noront, shortly thereafter, comes up with one good assay showing, we will see many of them return with gusto, along with a lot of others.

Noront, in the last year, has become a very hi profile company. It is not often that I get to mention the name without someone within earshot that is familiar with it. There still is probably not one other area that can readily be touted as highly as Mcfaulds Lake as the next probable mining camp.

The accumulators understand this and are prepared to buy now and await this turnaraound, when it comes. Good on them. They are the smart ones.

Please note the absence of the word "if".

Regards

K

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