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: NEWS - Noront Receives Analytical Results Eagle One Deposit - 6.88% nickel, 5.05% copper, 2.53 g/t platinum, 14.07 g/t palladium, 0.39 g/t gold and 15.1 g/t silver over 10.6 metres

But if Windfall is using its proceeds to buy NOT-DE PP for DE, then NOT-DE will indeed be diluted.

IMHO, it would be better that the company remains as one unit until such time that a major decides to buy them out. Less shares to get diluted, as there should be no further need for PP, if they can get Windfall producing before the warchest dries up in 12-15 months (given current burn rate estimates).

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