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: The twang could be close..
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In the last 2 days and today, we have had 3.5m shares sold...that also means that we have had 3.5m shares purchased. The main reason for buying pressure at this point is that we are undervalued by the very rapid descent caused mainly by Genuity selling so aggresively. Now that they are done selling, the main factor in our push down is done and those who believe in Noront and have some cash on the side will want to purchase at these prices as I believe (and those bargain hunters as well) these prices will not last long.

So in this case, the buying pressure comes from shares being viewed as cheap (or oversold) and offering a good ROI with little down side risk from this point.

Hope this helps,

Glorieux

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