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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Marlborodog, you wrote:

That's a great point, except that 8% interest on a $15m loan for 22 months is only about $2.2m. On a current market cap of $68.5 that's a gain of only about 3.3% of the company``

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Marlborodog..you are right but combine the 3.3% of interest shares PLUS another 33 million shares for the 15 million bridge loan (approx 12%) of the company and you get a whooping 15% extra RCF ownership of Noront.

If someone other than RCF is the Financier ,partner....are they ok with giving away another 15% ownership for a mere 15 million dollars...and giving RCF this much company control

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