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: Might we be getting close?

"Our company is deficient in the PR department (contributes to that low sp)"

Are you sure about the above? Is noront the only venture stock that has a lower SP today than it did 5 years ago? Can you positively equate the lower SP to a "deficient PR department"? I remember a slew of news coming out from this BOD and the SP still fell. I also remember at that time people complaining that it "was the way the NR's were worded" that caused the SP tumble.

Here's another thought on the low SP.

1. Worst market for juniors in history.

2. Economy fell off a cliff in 2008

3. Nickel prices tumble

4. Major noront investors already invested, leaving the day to day SP essentially irrelevant.

5. FN disputes

6. Pathetic government

7. Cliffs woes

The list goes on. To cast sole blame on the current SP to the current BOD makes no sense. What about the 1000 companies on the venture that will cease to exist in the next 6 months that once flourished? Many of them have the same board of directors today as years ago. Do we assume they've "Parisottized" or "Sempled"? Or maybe that is just our emotions talking and the demise of their companies was more to do with misfortune and a perfect slaughter storm.

"many of the above investors would be much happier if someone of Richard Nemis's quality were at the helm"

I think many would agree and many would disagree. How is BOL doing btw? Down around 70% in the past 52 weeks? And no, don't try and defend Nemis, I am not at all saying the low BOL SP has anything to do with him or his ability. I'm simply trying to point out that many seem to find logical excuses for every red venture company in the world, but then forget all those reasons when it pertains to Noront. Like all the beat up juniors, noront got hit, hard. Personally i'm not a believer of dwelling on the past. Not much you can do about it now. I suggest you look forward and re-evaluate your investment in Noront today, at these prices. It's really all any of us can do.

I think today's market cap of 75mill or so is a pittance of what it will be by years end. JMO. Good luck to you all.

djje

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