I received an email response from Richard Nemis on a couple of easy questions and I thought you may appreciate his response. I did like the tone of the email with the comments on "bluesky" and "very promising" mentioned on the Genuity report. My questions are listed below with Richard's response following:
Questions:
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Do you currently have Johnny and June well into drilling of the 8 target anomalies up to 5 KM a ways? Can you tell me which anomalies are currently being drilled and what the progress has been to date. (ie. If you hit good visuals are you required to report?)
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Was the Genuity report released yesterday and their upgrade from a hold to buy based on any presentations or meeting with Noront management? If so are you able to comment on the content of those meetings?
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Finally, can you still say that no members of Noront have not sold one share of NOT and are still firm believers in this project?
Response:
Both Johnny and June are drilling outside anomalies for the time being can not comment on progress at this time. Genuity report was there own assessment of the potential for Noront. I think they believe that outside anomaly drilling is promising. There sure is lots of bluesky. To my knowledge, no member of Noront has sold stock. A director did exercise his option with the company but did not sell any shares. You can check this out since we must file Insider Reports on any sale (SEDAR).R. Nemis
