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: Scary thought

Scary thought

posted on Feb 02, 2008 03:41PM

Which might indicate Noront potentially will benefit far more than other players in the 'Ring of Fire'

Noront is getting closer to proving up enough to entice a bid from major nickel miner. Sure it's a bit early and Noront has work to prove up enough of a mineralized complex.

When a big guy buys in the game will change for everybody. Given the location and expense of putting necessary infrastructure in place there may be room for only one big mining company. Who ever buys in first could very well be in control. They might even pay a hefty premiium to take charge.

Noront at this point is close to being the key to the area, if they have close to enough ore then they will be purchased and maybe sooner than we think.

OK now what happens to the other exploration companies that find an economic ore body. Do they get top dollar or can the 'BOSS' tell them what they will get, take it or leave it? Scary thought? Another reason to invest in Noront first and foremost?

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