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: Latest NR

Hi folks,

The NR yesterday stated that the company is reviewing the possiblity of shipping both a seperate nickel concentrate and a seperate copper concentrate to Nakina via the future North/South toll route, now that the slurry line idea has been scrapped.

Does this mean that even with the added cost of milling/seperating/floation process in the remote region of James Bay and trucking it south for direct smelting will add to the ridiculous processing cost of the -.31 cents?, after PGM credits?

Obviously the higher the grade the less smelter costs incurred. This is a positive action that should be researched. Good for Noront!

IMO, there is also the possibility of shipping a combied nickel/copper concentrate and saving cost by having in separated in Sudbury. This method would add to trucking/toll costs but may offset the higher cost of refining in a remote region.

I have found one case study online, link below:

http://www.cesl.com/DocumentViewer.aspx?elementId=188566&portalName=tc

Although this case study is targeting dissemenated sulphides, it draws a good picture of the higher NET return possible.

I believe this is a worthy topic for discussion and would a appreciate all your opinions, thoughts and comments.

Warm regards,

mynot

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