How much tonnage is actually needed for us (NOT) to make this viable?

O.K. we're sitting on roughly 3m now. Do we need 5m, 10m 15m at similar grades? And do we have enough $ from the last PP to define this deposit.

Or is it really a possibility that the bod could end up mining it themselves with what we have to date? And if so, what would it mean for us shareholders (in terms of value).

Hi rook,

thanks for your questions.

But let me ask you some questions first before answering:

Since you are here "till the end" (your post from Feb. 12) , I assume you have done some DD on Noront:

1. What do YOU think about the viability of Eagle 1 (A+B+C) ?

2. What if 1B and 1C have lower grades than 1A ? Would that affect viability ? What do YOU think ?

3. With an upgraded $9M budget for 2009 and $ 30M in the kitty after that and with costs of $ 250k for one deep hole, how many holes can be drilled ? And what do YOU think about enough data for a deposit definition with that amount of money ?

4. What do YOU think about a possibility of mining Eagle 1 themselves ? Surely the latest presentations and Wes´statements are suggesting just that ! Again, what is YOUR view on this ?

Thanks for your reply.

FANTOMAS

BTW, are you happy with the BoD and the new CEO ?