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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The action yesterday looks, in hindsite, to have been buying in the expectation of exploration results and with none released the share price has retreated.

Mind you the volume of trading is so light that it means little other than annoying us all. Decent exploration results and return of confidence AND volume of trading would bounce us back over a dollar and we'll just have to wait for that to come.

Could Noront be waiting for the PDAC? The 43-101 for Chromite will be nice but getting us some drill results would make the wait a lot more comfortable.





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