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: Re: Rumour of Noront doing financing is just that...Quiz

Quiz...

"Why are others so much in a hurry to sell a project that is not defined yet?"

Michael White of IBK Capital (RN has hired them to promote Noront) visited investment bankers in New York and Boston in December 2007 to market Noront and the Ring of Fire.  They were polite but told him to return when a 43-101 has been prepared.

Investment bankers will not help the Majors to invest in Noront or any of the other McFaulds' juniors until tonnage is defined (43-101). And I believe that a 43-101 will be ready sometime in early 2Q08.

My humble thoughts.

Snug

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