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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This mornings drop did NOT appear to be news related. BOL and KWG didn't

even trade then. Rather it seems to be a single trader offering 230 K or so and

it looked to be a cap for the upside. Once share price dropped below yesterday's

close asks were lowered to meet the bids at lower and lower levels untill the

whole amount was sold. Some stop loss sales were hit as a collateral damage.

Where to from these levels? Since i have totally dismal record predicting short term

moves i will defer to experts. My long term view of Noront and ROF has not changed.

Strong on Noront.

GLTA,

Fossil

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