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: We need a new CEO...

Yes I do own some FNC, SPQ and even hate to admit but BMK and totally agree they should screw Noront out of every cent they can on any deals made.

However that doesn't mean I don't recognize the strong position Noront is in with a pile of cash and key properties as well as advanced relationships with portential 'Majors'. Dick Nemis will pay no more than he has to and rightly so as he's dealing from a position of strength.

Other juniors in the 'ROF' seem willing to spend their own money to find deposits of interest which will in turn strengthen their hand at the bargaining table. Whatever happens will no doubt be a WIN/WIN for all parties.

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