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: Takeover Rumour??

I suspect that IF an offer is there, then when the market is opened Noront will go to a price that is the markets assumtion of that value. If we stop at 1.50 then that is what all the calculators working in all the offices come up with, then an incentive first offer will come from the interested party of a percentage about what industry standerd is, whatever the offerer uses on their calculator. We know what Cliffs uses but another could be ?. Then we wait for someone else to enter, Who? maybe none? Then we start talking and protesting and same old same old in fighting till a price comes out at the middle of what is acceptable. This is history and this could be the future. Wildcards are plenty nothing is in writen in stome except for our billions of known resource. There is probably not a takeout or over or buy-in, but just a lodgical time for it to happen. Nothing about Noront has been lodgical. Still I am glad I have my tickets just in case.

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