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: To Sell Windfall or Put It Into Production

Hi Quiz,

Those are some good back of the envelope calculations, but I must admit, I am expecting much better.

The ramp will tell us what we have in pretty short period of time, and if it is as good as expected, things will heat up pretty fast I think.

Remember they raised 15 million for Windfall alone, so they must expect some pretty good results.

Also remember the super drill core with the unheard of grade results. As it says on the Noront Web site: The ramp will allow the company to bulk sample its high grade gold zones, including the extremely rich zone with up to 52 ounces per ton of gold over 4.6 metres

Remember Richard waving his arm in a tight circle and saying that an area of the reported grade about 'this big' would pay for the entire mine! How many ounces would that be?

Much of the gold appears to be shallow enough to allow for open pit mining.

Also FWR and MUG own adjacent and very promising property as well. If Windfall hits then there will be an increase of investment to explore their large claims also (claims outside of the joint venture with NOT) .

I think the possibility is much higher then you project but we will know more and soon!

BK

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