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: Equity

Looking back....I think Noront would be well on their way to building a mine had they brought in the FN's as equal partners from the beginning....with a 50% equity stake in the company. 

Rather, we are now in a position where due to a lousy $15 million loan, RCF will own 50%....and Franco will make things less profitable due to royalty giveaways....and the FN's are not satisfied....and the government is all talk....and the public is mad.....and our shareprice sucks.

 

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