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: Time for reflection

Time for reflection

posted on Jan 18, 2008 07:06PM

Much has happened since the company first announced plans to drill back in August of 2007......not so long ago...quite interesting to go back and re-read the August 16 news release...back then they had 34 claims comprising 533 units....fast forward to January 3rd and they now have 283 claims

They have since optioned out some of those claims...6 claim blocks to Seafield as recently as January 15th....12 claim blocks to Southampton Ventures announced on January 4th....15 claim blocks to WSR Gold .....each of these deals increase the odds of making another find, increase the company's cash position, and give the company a stake in the partner's shares....and... if any of these companies do well on other properties, we will benefit from that as well

And while going back over the previous news releases.....the drill results...sections of core with NI values as high as 8.7%....copper over 10%......platinum in the ounces per ton...mineralized sections of over 100 metres with better than 2 % nickel....Rhodium which has a spot price $6,725/oz....even 1 gram per ton of that gets you about another $240/ton....and there's palidium & gold and silver...and it's not just one hole...see hole 5 and 9 and 18...what's the word, oh yah, spectacular

29 holes drilled now since August...not many duds.....even the not so good holes turn out results that others announce as a major find

The relationships with the other area players....FWR, SPQ, KWG, UC...shared costs....combined efforts...one goal....a good example is this...and I quote....

acquired by Temex on behalf of Temex, Noront and Baltic collectively the Staking Syndicate ("Staking Syndicate"). A total of 120 mining claims comprising 1900 claim units totaling 76,000 acres (the "Claims") were acquired on behalf of the Staking Syndicate

...then there's the combined efforts with respect to AERO-TEM-2 program...

...and there's the confidence outsiders are showing with news such as this....and I quote again

Volcan 1 Project -- The amended agreement calls for a one time stock payment of 40,000 shares in exchange for a 100% interest in the project subject to a 2% NSREl Verde Project -- The amended agreement calls for a one time payment of 60,000 shares in exchange for a 100% interest in the claims subject to a 1.5% NSREscondida Project -- The amended agreement provides for a one time payment of 40,000 shares to acquire a 100% interest in the propertyHunters Point, Quebec Uranium/Gold Project -- The amended agreement calls for a one time payment of 20,000 shares.

The professionals getting involved.....a quote...

Geological Consultant Jim Mungall, Ph.D. Associate Professor from University of Toronto, who is now consulting exclusively for Noront, under an agreement and pursuant to which, has been granted a 50,000 share stock option exercisable at $4.86

...that seems to show some confidence

And another vote of confidence....and I quote again.....

....issuing the following stock options directors 125,000, officers 175,000 and employees and consultants 225,000 for an aggregate options to acquire 525,000 shares. All options are exercisable for a period of 5 years at a price of $5.13 per common share.

...and other professionals....

JPMorgan's mandate will include the coordination of discussions with interested parties on a potential investment in, or acquisition of the company, at a time and on terms that produce the best possible value to Noront's shareholders." 

and other professionals

Site Visit by James Mungall (Ph.D.)… and comments 

Nice to go back and do some reading....remind myself why I am so confident   

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