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: OK, some advice (whether I'm qualified or not!!!)

Greetings Herb,

You posted,

" unless Wes has an ace up his sleeve and decides to play it before 'times up'! "

I have to believe Wes has just that. I can't see Noront making this takeover attempt without strong reasons to believe the offer will be successful (either in its present form, or a compromise form).

With 5 drills turning daily, I am confident they already have information, that once released, will change the picture substantially. At the AGM, before the meeting, Wes was speaking to a small group of us, and then as he made his departure, said something that I took as a hint of more to come. I can't even remember exactly what he said. It was just a small off hand comment, but his expression......well, as I said, I took it as a hint.

Also, another poster has already commented on the following, from the Oct.20 NR:

"Exploration Update:
Currently five drills are active and all are testing the dimensions of the Eagle’s Nest lenses. Three of the drills are testing the mineralized areas down to a vertical depth of 1,000 metres and the fourth and fifth drills are defining the lower extents of the mineralization to a depth of 1,500 metres."

The use of the word "defining" may be significant, as opposed to "exploring for". If we can take them literally, have they already found mineralization below 1000m? I expect they have, and we will hear about it before Nov. 18.

Holding with confidence, Canseco

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