Noront's Short Position

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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Fossil

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Noront's Short Position

posted on Mar 17, 2016 12:00PM

Feb 29/2016 report showed large increase in NOT shorts from prior period.

I feel that there was even bigger jump in next few days only to be unwound

( shorts covered ) as prospectus progressed.March 15/2016 should reflect that.

If so there should be a large decline in shorts.

GLTA,

Fossil

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