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

What the Ontario Government doesn't want, is to spend money on infrastructure to help out mining companies, despite their promises. Studies of Studies buy time, while $1 Billion statements buy votes. Ultimately it will take the private sector to build the necessary infrastructure to get these mines going and the government will have $1 Billion they didn't need to spend at all. They SHOULD use it for the First Nations, however they will likely use it for the GTA transit plan. No one will cry about it, because the end goal still will take place, and that is development of the ROF. A railway constitutes major progress in the ROF and the government will find a way to take credit for what KWG are doing.

This just unfortunately doesn't help Eagles Nest, so not sure how that road gets built. Perhaps once RCF controls Noront, they will reveal another partnership to get the road done.

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