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: Noront hole #5 vs. Diamond Fields #7 (from Big Score)

Until NOT has a main listing, it will remain primarily a Canadian story. The big institutions will have little interest, since Canadians have been conditioned to think of resources as a "zero sum game". That American philosophy essentially states that as long as there is a dollar to be made, production of a resource will expand until a demand destruction event bumps the price back to cash cost (oblivion) of the low-cost producers for an extended down cycle. As long as the US controlled all world demand growth, it was easy to assure that happened every ten years of so. So, by and large, it will be non-North American money that will seek resources as a "legitimate" long term investment. Old attitudes not only die hard (this attitude still governs the Canadian Banks) but they make it a little easier (in the short term) for the share markets to be manipulated through the media. When last did you hear a Canadian or US media extol the virtues of mining and exploration moguls as opposed to say the brilliance and social value of more consumer hi tech ? In fact, the Casinos of Vegas have more legitimacy as businesses to these money spinners than the provision of fundamental resources. Regardless, the attitude will continue to fade out, but in an environment where there are no significant mining operations controlled by Canadians. To appreciate our cultural drag, read The Australian ,a major daily. The resource est. answer is "43-101" now governs.

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