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: To drill or to mine .

Re: To drill or to mine .

posted on Aug 22, 2009 07:01AM

Hey digger,

We have another option. Partner up with a major to produce the mine. I would imagine that there are majors salivating over these deposits and cannot wait to get in on it.

And with all due respect, we don't have enough info. to say that it would take at least ten years to start mining. With government assistance, infrastructure could be in place in a few years. Add another year or so to drill the Nest into swiss cheese and maybe it's ready to mine in five years or less.

I know I'm just throwing out numbers, but "10 years away at least" is as well. No disrespect intended, Digger.

But I do agree that an exploration company should be exploring, not mining. That is, unless you have three world class deposits, like Noront does. Therefore, more options are available to NOT because of that fact.

I have no mining background and therefore, my statements are based on my own DD and pure logic. My gut feel is that NOT will NOT go it alone and will instead, partner with a major to produce a mine or else just sell to the highest bidder. In either case, I believe that we will benefit greatly from the outcome.

respectfully,

strato

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