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: Whats going On with NOT?

Re: Whats going On with NOT?

posted on Jan 06, 2008 01:52PM

I am currently in the process of reading," the Big Score" (Voisey's Bay story) and on page 119 their are comments that are eerily similar to the Noront discussion you mention in your posting. (actually the whole book so far is amazingly similar and as I read I can relate to the Noront story)

Back to quotes from page 119:

"Friedland was outraged at the $300-million price tag the stock market was currently giving Diamond Fields stock: the company was worth substantially more."

in the same paragraph it goes on to say this:

"The only obstacles in Diamond Fields' way were the many naysayers feeding teh doubts of investors. Until the doubters could be silenced, the company's stock price would stay in the low teens"

and in the next paragraph Friedland says this"

"What Diamond Fields had to do, Freidland told the two men, was buy time. He was not going to make a move until more drill test gave him a better handle on the potential size and value of the Voisey's Bay deposit."

Sound to me like we are not happy with NOT's value, similar to Friedland and could the comment from Sprot or Canacord and others be naysayers? And are we not doubling our rig count for drilling to get more results with a determination for the creation of the 43-101 which provides size and value data. Wow this is deja vu!

If you have not read the book it is a good read and again very similar to our story.

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