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: Noront website tells all!

Noront website tells all!

posted on Dec 30, 2007 07:20AM

As I continue to read and re-read current and past NR's and data on the Noront web site I find some very interesting statements that are worth reading. Here are a couple I woud like to point out:

1. There has been references made specific to Voisey Bay and copied from the Noront website: (link to location: http://www.norontresources.com/projects/double-eagle/index.html )

"As a point of reference, Double Eagle's fifth drill hole results are higher grades over a greater length than the well-known holes number seven and eight at Voisey's Bay, a nickel-copper-cobalt deposit that was discovered in late 1994 and sold by Diamond Fields Resources to Inco Ltd. in 1996 for approximately $4.3 billion."

Using the above comment I have framed a question to Noront on the status of their 43-101 specific to reserves. If I hear anything I will advise.

2. There has been much discussion on this forum regarding the value of Noront. You will find on the Noront web site a link to an article entitled, "Finding ways to spend cash becomes one great challenge for the industry" where Mr. Nemis is quoted as saying: (link to article: http://www.canada.com/components/print.aspx?id=0d2c3167-e1f7-40b1-973a-4b6a841c9e4c&k=78216 )

"I could probably do our next financing at $10 [a share]," he says.

3. Where would all this money come from? Again from the same article as  mentioned in point 2 above this was said:

"The blatant exception is Noront, which boasts a market cap north of a half-billion dollars thanks to those 17 holes in the desolate, mosquito-infested lowlands. Of course, the companies that have expressed interest in Noront - Xstrata, CVRD, for example - are precisely the ones most willing to throw their cash around."

As an added note there were many other companies mentioned in the article that could be interested in Noront, but the above two, as indicated in the article, have expressed interest. Also, CVRD has recently changed their name to Vale Inco. Link: http://www.inco.com/ I have also submitted an email to both companies mentioned above to see if the interested expressed in the article is factural and expressed; I doubt I will receive any response, but should a response come back I will let you know.

Forsure if one believes in Noront management and what they say is the truth, then their are little gems buried all throught out their web site that are very telling of what they think they have found. I encourage all to spill over it.

 

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