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: Some Thoughts while we wait for NR

Some Thoughts while we wait for NR

posted on Dec 11, 2007 08:44PM

IMHO;

It would seem prudent that RN is in the process of "getting the best value for shareholders", himself included...

Getting the JV off the plate pre-hype would be in all our best interests, as it allows RN to negotiate at current SP.

"IF" he didn't request a Rush on Assays, or requested a review of specific assays (18?), this would buy him the time to get these JV finished. This would remove him from the obligation of having to post the NR as soon as assays are in.

The reality is that this isn't going to happen overnight, and Christmas coming isn't going to change what needs to be done. I believe what RN is trying to get off his plate is the JVs so he can concentrate on drilling DE, and letting the JV drill their prospects. It's a win-win situation, as we all want this to evolve in a reasonable time frame, but drilling and assays take time.

IMHO RN has taken the proper steps so far, to face the reality, that if this is to truly be a world class mining camp, we need to farm out other prospects in the vision that they will bear fruit and let us focus on developing DE to its full potential.

With most of the surrounding juniors planning to start drilling in the new year, it just makes sense to get them on our side, and get back on track with DE.

WE have something extraordinary here, and it will take time to realize this. Those who hold will see this in the next few months, those that day trade or short may reap some rewards, but the longs shall prevail. The SP may dribble down as we await Assays, as well as those taking Capital gains in the early new year, but these are people taking a chance, and losing out on something that only comes along once in a lifetime.

I am long on Noront. Have been from the .50's and have NO intention of leaving this book before we get to the last chapter.

GLTA

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