hello everyone - just arrived home - yes, I am sorry, I did take the time away from the computer to enjoy a bit of socializing with some of the other Agoracom Notiers.... such a pleasure to meet them in person - Snugs, Milsy, MGB, Babjak, her husband, retirerich... thank you for the sharing and fellowship

there are lots of interesting things to share, nothing earth shattering, or you would have had an NR - I am going to relax for a few minutes or more, say hello to my honey and then type a least a bit for you tonight - it was the 'first' Technical Presentation and therefore would have been very interesting to the geos amoungst us - I will try to pass on what was said and please, Milsy, MGB, Snugs, retirerich, please pitch in and fill out, add to, correct etc...

yes, you are correct, I did have a plan in place in case anything really big was announced... :) also I did speak to the gentleman from Vale....

back in a bit QQ

http://www.agoracom.com/ir/Noront/me...

the first person I met and talked to was Mac Watson - 'things are good' 'going to be there for a lot of years' - "patience"

second person - the geo from Hawk who I also met at PDAC - "things are good" "very exciting things happening"

-said hello to Mr. Nemis - said hello to Neil ... time for lunch

lunch - the usual - salad (good blue cheese on top) salmon with vegies - fruit, cookies & coffee  lol

Head Table introduced - Nemis, Harvey, Novak, Bill White, Mike White, Larry Smith (Vale/Inco), lady lawyer for Noront, Major Ken Sproule

1st speaker - Larry Smith - he was there to tell us about an initiative that Vale is encourage, a marriage between the military and geology - there are 4000 troops per year over the next few years that will be exiting the military and will need jobs.... there is a huge shortage of people to work in the exploration and mining industry - there are going to try to put the two together - the military guys/gals have management skills and are good at "blowing things up"  :)

2nd speaker - Mike White (IKB) - he introduced Neil - talked about his 30 years in the industry - his willingness to talk endlessly to the investors, to travel for the business and his love of his family - most of you know the story how he originally went to the area in search of diamonds and found them - also found copper and the PGEs etc - talked of his ongoing relationship with the First Nations people etc

......... more to come

3rd speaker - Neil Novak

Said that this was the first "Technical Presentation" - emphasized "Safe Harbour" and "forward looking statements" also said that the visuals he would be showing are kind of like "cartoons" - that was the only way the lawyers would allow them to show and talk as he did

the first slide disclosed various investor positions - NOT 10%, Pinetree 10%, Rosseau 9%, Sprott 9%, IBK 4%, SPGP 3/4%

2007 did 5,336 metres of drilling, sufficient for a resource estimate

they will be drilling through break up however side information disclosed there might be a 2 week break as many of the guys have not been home in 3 months or more

slide - showed a 'cartoon' of Eagle One with a tail that heads due south - could be a conduit joining the pods together

went over the history of the Eagle One claims  - won't repeat it here as most of you know it and it is also available on old NR's - basically they have paid all necessary moneys to claim 100% other than the 1% smelter fee which they can buy out for $500,000

35 holes have been drilled - they are tracing the occurence to the south with 25 to 50 metre stepouts both horizontaly and vertically

Eagle One has been traced 200 metres to the south and 250 m deep - it skied out to the north and is open to the south and at depth still

......

more warnings about Forward Statements and "cartoons" these deposits are unpredicatable and caution is needed.....

showed a very interesting set of cartoons showing the layout of the occurence - in 50 metre increments - I can't draw here so you will just have to take my word for it that it was cool looking  :) maybe Snugs or Milsy will draw it and post it - basically is showed it plunging steeply to the south

it is going somewhat as they expected it to - along a sill or dike.... with a good possibility of more at depth - a multitude of deposits on a sill or dike - regionally looking a bit or a lot like Raglan

Eagle Two had a very wide chromatite layer

AT1 - a geophysical target yet to be understood... :)

in the cartoons there were some MM's pictured way deep that "may or may not exist";

the trend is SW to NE or visa versa - overlaid by swamp and limestone so very little outcropping and they must rely on the alternate methods of discovery

regarding the centre of the ring it is a Granadorite (sp?) basement complex they believe to be 3 million years old - around the edges volcanic and _______ that is about 2.73 years old - and then there is the ultramafic instrusion which they are getting close to be able to put a date on

.....

then talked about Jim Mungall and Jim Franklin's thoughts - sorry not being a geo this may sound confusing - again any others please step in - they believe the Eagles are because of Faulting... Eagle One conduit, pooling, trap Eagle Two - shear hosted, fault, steeply plunging cylinder body 225 metres so far

then showed something with white lines that showed "domains" (don't know what that was)

talked about 'folds' and mentioned the SPQ/FWR property (he would love to do a whole 'nother talk about SPQ, obviously) :)

talking to the Ontario Mining Clains people - 1688 claims recorded, the most ever since Hemlo in one area (as of the end of March)

still working on Eagle One - still working on Eagle Two - the Due Diligence people for the 43-101 are on site and checking everything, core etc

still continuing to acquire land

they are now having more hits than misses

continuing to do JVs

4th drill will arrive in June

showed us a photo of the camp with a Hawke 748 (sorry if this is not correct) airplane

main camp - drill camp - 70 people

access is good - 59 km to Webequie - 115 km to Marten Falls and they are working with the first nations people in Marten Falls on a road - mentioned deBeers in the area and the railhead to Moosonee - so all avenues are being considered

.... good stuff to come but dinner is ready - back in a while

QQ

mmmmmmmm that was delicious  :)

okay so where was I was... oh yes

comparisons to other large projects...

the multiple targets remind them of Jinchuan (China) or Raglan (Ungawa)

the chromatite reminds them of Bushveld in S.Africa or Stillwater

there are still lots of large targets to explore

Neil then talked about the fact that he is even meeting with the trappers in the area to make sure everyone is happy - Snugs mentioned the request by the natives to give the returning geese an opportunity to migrate safely and I would hope that because of his relationship with them they will all be able to work together on this - many of the first nations people are also investors and so I am sure there are mixed emotions.... there is also an upcoming meeting on Tuesday coming with all of the princals of many of the companies, I believe they may be looking at areas of joint promotions and also ways of working closer with the first nations and helping (donating) to some of their issues - I am sure we will see some press on this after the meeting - good on them!

speaking of donations - Neil was given a plaque by CIM (the hosts) of a donation to Mining Matters by the Can Institute of Mining

there was just one question from the crowd - from the folks at BMO sitting at our table "when are the assays coming?" - Neils answer was "hopefully a week for Eagle 2" and the chromatite should be another 3 or 4 weeks, they are at Actlabs McMaster Lab

that is the end of the formal presentation - I will try to put a few more tidbits that I learned in the next post....

http://www.agoracom.com/ir/Noront/me...

Snug's

http://www.agoracom.com/ir/Noront/me...

Finally, I have a number of pictures from the luncheon. I will be working again with "provinsys";; to post them on the web. Stay tuned.

Snug

http://www.agoracom.com/ir/Noront/me...

You wrote exactly what I was planning on conveying to the forum. (NOT)

For all of you who have read QQ_Girl's luncheon posts, you owe her a big thank you as her uncanny ability to report the details has saved each of you the $50.00 price of admission. Nice work yet again QQ. Thank you!

Like many of you I am sure, I was a little disappointed that we did not have a halt today to coincide with today's meeting. I was hopeful of attending the meeting and hearing first hand some new developments from the powers that be. Although that did not come to fruition, it was a great day nonetheless.

Although I have been a Noront shareholder for quite some time, today was the first day that I have met other Noront shareholders (other than those introduced to Noront by myself) and Mr. Nemis himself.

It was my pleasure today to meet QQ_Girl, MGB, Snug, Babjak (also her significant other) and retirerich.

I also had the pleasure of speaking with Richard briefly. As donnypee eluded to in an earlier post, Richard's words to me were "hold tight";;. (For the record, I don't think ;;you were there donnypee but you certainly are connected)

Again, you have all read QQ's and Snug's reporting of the luncheon. I do not have much to add other than the following couple of points:

- Neil had conveyed with the recent takedown of the warrants, they have roughly $53MM in the bank.

- In order to define a zone as mineralized, Noront will be using a .5% cut-off (nickel/copper) ;;I beleive that Neil was referring to the cut-off rate for the 43-101. I could be mistaken and if so, can somebody help me out.

- Noront would expect to see other massive sulphides at depth along a sill or dyke like structure.

- still working away on E2 - it is steeply dipping and they are chasing down to 250 metres depth thus far. With respect to the hit-to-miss ratio, I think it was specific to E2. If this is the case, do not be suprised to see some misses but they are now hitting more than not.

As many of you already know I am long NOT. Although today did not offer up any share price appreciation news, it certainly strengthened my resolve to "HOLD TIGHT";.

Cheers,

Milsy1