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: Comments on direct shipping Hi Grade

Sorry but I can't let pass overly optimistic production theories nor the comment from IR that 'production ourselves is an option'.

What a load of crap, you only have 'options' if they are possible and Noront has nothing like the funds or expertise to put a mine into production in the ROF.

Direct shipping by winter roads? Give me a break, you don't just dig stuff out of the ground with a shovel. Consider what is required to get approved before one bit of earth is moved. Now figure out getting all the heavy equipment and people in place to start digging. Anybody really think you put all that in place to ship for a few months of the year? Even if you could all Noront's money would be spent putting this together instead of exploring for more mineralization to support a sell out to somebody with the financial strength to actually make big money.

Noront has to prove up enough value to sell out to a major. That is the promise we've all bought into and that's what the company is doing. Sure how they, the major, does it and an idea of costs involve does affect us because it affects how much they will pay but that's the only reason to consider infrastructure and transportation costs.

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