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: Checking in

Checking in

posted on Feb 18, 2009 01:23PM

Hi All,

Just checking in and wanted to say hello. Been having some fun bashing some bashers over at another forum I am involved with lately.

I have not been following this board too much as of late I must confess but I will hold Noront as my safe long term pick. 60M in the bank to finance continued development makes for a safer bet long term until we see a rebound in the metal prices. Every dollar that nickel, copper, and all of the other metals go up is profit down the road for Noront as the costs are fixed when pulling the ore out of the ground.

Two areas that worry me the most concerning Noront are the two I had throughout last year:

1) The lack of information surrounding Windfall and what I believe to be a coverup. Gold is at $960 bucks an ounce so you can't tell me that even crappy grades already dug out of the ramp are not worth processing. There had to have been some hits somewhere along the quartz lines. Something really smells here.

2) The sale of the company under the guise of maximizing shareholder value. If the majors bring their average down low enough, I can see them driving a sale for a quick return in these markets. Again, I hope not but there are other companies where this has happened and some are in the resumes of a few of the BOD members.

But I have accepted the losses I took on this stock last year when I was buying in the $2.50 to $3.70 range. Sold some at the right time to maximize my tax losses so I can apply these against the capital gains I paid on this very stock in 2007. And still hold a share for future tax losses or to apply against gains when this rebounds.

Noront is like a bad girlfriend. You want to break up with her but something keeps bringing you back... It is the only stock that has a nostalgic emotional hold on me ...lol . Over two years of good times and bad times. Hopefully she is faithful in the end.

So back to the day/weekly trades and other flyers out there. I will say that if there was ever a time to make money in the market, it is now with some of the undervalued juniors that took beatings in October. Companies worth ten cents that fell to one cent only to return to 5 cents. Risky yes but when buys and sells net 100% returns on just prior DD and some patience and attentiveness, trading becomes fun again. There are some where the cash holdings less debt amount to double the current market cap. Total insanity!! Gordon Gecko would be drooling with these types of buys. Market confidence has not returned whereby the massive drive up share prices but the flippers are still out there to be plucked.

Long on NOT and accumulating more with profits from other plays,

M1.














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