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: Another sandcastle

let's go for the gold in the ROF. NOT ! It would involve too much effort, excessive costs as where it already holds a worldclass discovery, for Vale, Glencore or BHP to be taken. At 3 CAD or more. Take it or leave to your competitor. Noront should have this attitude and it does not. Unfortunately, there is a clear lack of identity. The search for gold is a no go as far as pertains this shareholder. RCF should know better. This lack of identity, call it arrogance, is costing shareholders too much. The creation of value should be on top of agenda after 10 years or more, not the further diversification of goods to delivery, stop the stand castle thinking as you and I already own a worldclass discovery in itself. Do Not make it more complex than it already is. Noront may go bankrupt if it pursues gold now, mind you all.

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