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: What do I think of the news? - PM
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pw
Feb 21, 2008 08:53AM
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Feb 21, 2008 09:57AM
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Feb 21, 2008 10:10AM
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pw
Feb 21, 2008 11:24AM
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Feb 21, 2008 11:32AM
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PM
Feb 21, 2008 11:47AM

Recall back in August and September. Richard Nemis had spent several years in a game of 'Here, you spend the cash to see wnat is there' with several other companies. they all had their eye on either the same property or on a number of areas in several properties. The drilling cost money but each learned something through the experience. As the exploration cycle wound to a peak about two years ago many who had sunk money into the Mc Fauld's Lake area were getting low or very low on cash and it was getting more expensive to raise new cash. Many of the suppliers of the cash (Venture Capital types) were turning their attention elsewhere. The companies with the most claims and/or spent cash were looking for one last stab at the beast. Richard Nemis was luckey to have had the cash (due to Windfall Lake and maybe good cash expendatuer control), and confidence that there was something special on this specific piece of property, and finally got possession to DE1 back completely in Noront's hands. Recall how is actually turned out to be even much more special than even he and Harvey etc. were expecting.

Luckey! YSE (but tempered by experience). Fluke? NO!!!

Old Joe

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Feb 21, 2008 01:00PM
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Feb 21, 2008 01:58PM
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