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: Oct 12 BNN commodity report - Haywood

Oct 12, 2007 11:49AM
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Oct 12, 2007 11:54AM

Oct 12, 2007 11:56AM
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Oct 12, 2007 11:57AM
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Oct 12, 2007 07:19PM

This is the number then and we have to wait for more assay results to try and put some numbers to the 1 to 1 1/2 very high grade and 3 to 5 million slightly lower grade. I hate it when they use terms like 'very high' and 'slightly lower' when refering to mineralization like this as they never give comparisons. Like very high compared to what and what exactly does slightly lower mean? 10% lower? 20% lower?

Can't say I can blame the analyst as everyone is still waiting for actual assay results and of course more drilling. It certainly does indicate they think it's BIG. Hard to make a rational decision on but guess that's not new in the exploration business or the stock market business.

So until the dust settles and full reports are in the sky seems to be the limit for stock price. No one can say it's fairly valuedd because no one really knows. That's speculation and share price could hit $10 or $20 before the final answers are in. Then it could be back to $5 (unlikely) or up to $40.

Got to hate the uncertainty but love Noront. Sure would get more work done at the office if market settled down but not any chance of that. Guess I'll be glued to the monitor tomorrow along with everyone else. Don't even have any popcorn.

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