These are good results and even the low grade stuff is economical once infrastructure is in place-please read this article for info on mining low grade nickel deposits:

http://www.kitco.com/pr/1594/article_03052010152517.PDF

The biggest concern right now is that we have not drilled in over a month and probably will lose our winter drill program unless the FN issues can be resolved very quickly. So that means with the exception of the resource estimate due soon, we will not get any exploration news for a few months and with this knowledge, manipulators could be out in full force with almost no threat of risk. The only risk they run is for Noront to have a corporate event...either a JV with a major or the worse case for us longs, a buyout offer at this most innopportune time.

I am very excited to be going to the Analyst meeting tomorrow and hopefully AT 12 will be discussed in greater details. However, the real story remains the Eagle's nest/Chromite complex and that is what I am looking forward to the most.

Best regards,

Glorieux