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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"We just need a couple of holes now to say its there, we don't need to prove it, if Noront mines it themselves."
We do need to prove it because the financing that we obtain largely depends on what and how much we can show as collateral to the investors. It matters little whether we, or a future buyer, develops it into a mine. A buyer like any investor invests according to what is demonstrated to be there.

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