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: Baosteel-China-Wynne

The Chinese have a vested interest in NOT as per 2011 article...

ONTARIO – Noront Resources of Toronto and Baosteel Resources International, owned by the Chinese government, have signed a binding term sheet for a non-brokered private placement that will put $17.4 million into Noront’s treasury. The proceeds will be used to advance the feasibility studies on the Eagle’s Nest nickel-copper-platinum deposit and the Blackbird chromite deposit in the James Bay Lowlands.

Noront will issue units, each worth $0.86, to Baosteel. Each unit will consist of one common share and one-half of one common share purchase warrant. If Baosteel exercises all its warrants, Noront will receive an additional $11.7 million. In that case, Baosteel would own a 14.15% interest in Noront. The offering also allows Baosteel to nominate one individual to Noront’s board of directors.

http://www.canadianminingjournal.com/news/financing-noront-baosteel-ink-deal-for-ring-of-fire-projects/

"Baosteel Group, China, became a strategic investor in Noront."

http://www.thunderbay.ca/CEDC/Business_Sectors/Mining/Ring_of_Fire.htm

Wynne is firm her billion is destined for the ROF....we just need patience.

"The Ring of Fire was another hot topic, as Wynne was pressed on saying that the billion-dollar election promise was real and it is going to go to building infrastructure."

http://www.chroniclejournal.com/news/local/ring-of-fire-development-takes-time-says-wynne/article_4ead80d6-13df-11e5-8ebe-cf100a157b07.html

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