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: There is a serious problem here.

NOT looks like a stunning buy right now for some reasons. But the 800-pound gorilla in the room is the Euro. If you're not emotionally attached to Noront, and are debating a new/additional investment, you can continue to sit back right now and watch from the sidelines. You might miss a great opportunity if something suddenly sends NOT back up to the $1.50's or more. But you also might see Europe fall apart in three or four weeks and September 2008 repeat itself, and NOT shares go to ten cents.

I'd far rather take a opportunity loss than a real one. There are always other stocks to buy.

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