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: One last thought on the PP.

Glad that's over and I'm really beginning to question what kind of show they are running over there. I'm dead certain there is a 'master plan' in effect - I'm just not sure who or what the master plan is intended to benefit. I'm looking forward to seeing how this story unfolds so I can look back and see how, why and when they pulled the strings that they did.

My last thought on the PP - I was baffled by the timing of it. I thought that Flow-Through shares are typically announced later in the year for tax planning purposes...and they certainly didn't need the cash.

The timing of this cash raise co-ordinates perfectly with those investors who had bought the 2.80 PP last year. Anyone who did (like myself) would have received a handsome refund from the government and would be looking for another place to park this money. It's the only thing that makes sense to me.

I'd love to see who is on the list of this latest PP. On one hand I hope it's a friends and family package for 'insiders' and the last call before they finally unlock the vault of assays they have been withholding. The SP drop before the PP announcement indicated to me that some may have been privy to this news beforehand. On the other hand, I sure as hell hope I am wrong and that Hanson carries a portion of the integrity he purports to have. Problem is, I'm having a difficult time seeing it any other way and they certainly do not communicate well, period.

I'm becoming agitated. IMO today marks a new age that the management better start putting the pieces of this puzzle back together. Eagles Nest, a feasability and wedding videos of Webequie isn't going to cut it.

We're totally exposed as a target right now. Seems their only defense is to dilute their shares enough to Team Noront that it may be impossible to catch up.

B

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