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: Who believes in majic

Let's assume a $800 million price tag to move forward

At the current stock price (about .18); they would need to issue 4,444,444,444 shares

Put another way....they need to raise about 20 times our current market cap

Let's face it....this board has ruined this company.

Going forward, our only hope is to be taken out.

Noront needs to call it quits in the ring and conserve cash....then find a buyer so we could recover some of our lost money. It's going to take a company with bigger pockets to deal with the native and government issues.

I would have never belived it would come to this...but here we are.

It's still a great deposit....with lots of potential....but this bunch of self proclaimed professionals will never get this going...unless you believe in majic.

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Nov 25, 2013 11:54AM
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