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: Rating McFaulds ?

Re: Rating McFaulds ?

posted on Jan 15, 2008 12:33PM

Wish it was that easy.

Noront does have high grade nickel and every indication is that this type of deposit comes from somewhere and by Noront's Professor Geologist's estimation could be several kilometers away. So far Noront hasn't been able to trace it. Could that be the reason for the new drills with deeper capacity?

Probe thinks they have it, Fancamp is sure they do but only Noront has the goods. The Noront deposit could well have come up from below and just waiting to be found. Deep deposits are also harder to identify by aerial or ground magnetic surveys.

At this point nobody can say that Noront won't turn out to have everything on their 100% owned claims. I'd say at the moment that's a better bet than on neighbouring claims.

However, it's not such a dumb idea to have a portion of portfolio in Probe, Fancamp and yes likely Freewest and Sprider. BMK is probably a must as well because of their early staking and large land position.

How much?  Up to everyone to decide Noront has less downside risk especially at current depressed share price so perhaps a safer play. BMK and SPQ are trading awfully close to bottom price support and BMK has drilling and news coming out soonest of anyone, imho. Noront is my primary holding and Pinetree second because they own a lot of stock in area players.

Noront is the only one with the goods so far and it's a question of how much. The others aren't worried about how much since they don't have a deposit to start from.

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