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: R Nemis

I asked no specific questions about what Noront is in the process of doing.

R. Nemis seemed more than a little annoyed at the market response.

One comment Dick made 'do you see anyone in management selling'.

Another comment made when I mentiioned 'this will all be history when the price hits $8'and he sharply corrected me by saying 'I'm looking for $28.00' . Then I said,  "OK but that is months and months away" he (Dick) responded 'Not as far off as you might think'.

Sorry for the hurried typing but had to put in another bid before the market runs up to $28 

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