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: Noront Resources Closes Debt Extension and Royalty Sale

Yes, this project has to happen, and without further endless "studies of studies", I completely endorse your complaints, crazytrade.

Viewed from far away, as I am, the Ontario government gives the impression that they dont want this project. I'd put it in such simple terms, yes. Don't ask me why, but somehow it's the only logical explanation, and so I don't care if it's not actually accurate. I have also been observing, without staying invested, the development of Gabriel Resources and their gold project in Romania... Did you notice their story? It's an example worth studying, it shows how a government can ruin a company which investmented hundreds of millions of dollars... by refusing to say yes or no for year after year. And they really don't want it... they just don't want to say it.

However, Ontario, whatever is in the minds of the politicians, simply won't be able to get around developing the chromite and other deposits, their economy needs it.

Therefore, I have been an investor with Noront since 2009, and since I decided it's a very good, even an essential project, I stayed with it. On the other hand, given the pathetic inability of Canadian politics to move this ahead, I decided, once you have enough shares you always have to trade in all the ones you buy on top of it with every surge of the SP. That's what I have been doing during the past few years, and I was never disappointed in the sense that I always could buy back cheaply what I had sold. If one day it refuses to fall back again, I can stay with what I declared my core investment. Therefore, I am not in such a bad mood about the delays and the dropping sp, if only because I can find ways to while away the empty time and make profits on it (although this stock is not one that would usually be seen as suitable for short-term trading). Cultivating a bad mood is simply no use, you see.

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