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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: A couple quick thoughts

SS76, I take some consolation in the fact that the 1% NSR is only on Eagles Nest. EN is just a stepping stone for development of the Ring. If Noront can just get the first mine going, then they can work on additional mines. I'm not restricting my thoughts to just nickel or chromite either. And that 1% NSR won't apply to any of the mines other than Eagles Nest.

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