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: Infrastructure ?

Do you have some ironic sense ? Of course I own some more than 1 or 2.

At all, I didn´t want to warn you of a world overload of chrome.

I hope and think you are aware.

It is only a response to bishop, who seemed not to know and asked if I had done my homework.

All I wanted to say was, that MAYBE, MAYBE not, Cliffs is going to mine FWRs chromite.

IF they mine it as fast as they can - very good. Very good for Noront (have a look to the title of my post: "infrastructure") and very good for us shareholders.

IF they need or want some more time to mine it, the advantage to Noront, the infrastructure, may help NOTs shareprice LATER. Not as fast. So we may have to wait a little bit more time to reach a certain shareprice. The one we all wish to reach.

Thats all. Some smaller or bigger part of NOTs future shareprice depends on, how fast Cliffs is willing to build up infrastructure.

Of course: the faster, the better !

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