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: Calculating stock values…

Agree 100%!

Good to know there are individuals on here that can put to words what I hope most others understand intuitively, if NOT explicitly.

The only difficulty is that we do not know what a good (suitable) discount factor should be and thus have to go (for the time being at least) with a generally accepted standard.

Be assured that the Majors have the technical expertize on hand to do the best estimations and I trust that Noront will have the same advantage via the services provided by IBK.

Old Joe

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