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: With respect to the Motherload...

With respect to the Motherload...

posted on Mar 27, 2008 07:46AM

Quite frankly, I am not too concerned if in at "the end game", another area player does end up having the motherload.

To steal some thoughts from "pw" posted last night:

We know where Eagle 1 and Eagle 2 are by the news released, and I've heard separately (from another source) and reported on this board that the big anomaly 4km SW of Eagle 1 is internally called Eagle 3 by now. Your conversation with Dick on current drilling at Eagle 3 is an exciting confirmation.

- The fact of that the anomaly south of Eagle 1 (anomaly 1-2) may be internally referred to as part of Eagle 1 speaks volumes to me too. It tells me that the management is confident about the rumored "deep bridge" which connects Eagle 1 (anomaly 1-1) and the group anomalies 800m south (1-2, 1-3 and 1-4), and we may eventually see a much larger Eagle 1. The group anomaly 1-2 through 1-4 has a geologic potential to contain much more tonnage of ore - 20 ~ 50 Mt in my mind, and that 800m "deep bridge" itself may be worth another 10 Mt.

If Noront is able to prove up conservatively 30 Mt with consistent grades to Eagle 1, I'm quite content with my $60.00 / share.

For disclosure purposes, the only shares that I currently own in JBL are Noront but I am more than happy to share the wealth.

NOT greedy over here!

Milsy1

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