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: Re: This is not a ROF consolidation play, but the resolution of a land dispute.

"This is as much of a consolidation as one could ever expect. If it were otherwise, Noront would NOT bother.Yes, PRB gets to access the Technical Staff and their Resources to assist in placing the Drill. This is a smart move for PRB seeing as they will also save millions in that Technical Skill alone"

It may be the beginning of some roots but it is not a consolidation in the most important sense whereby there is an agreement for one entity to represent another contractually or in other words to negotiate the sale of property in whole or in part. The real consolidation comes up when the players decide how to deal with the total outstanding shares which isn't likely to happen until each company decides what they are willing to sell for at the moment of appraisal.

Just some thoughts.

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