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: Repost-Genuity Report.....enjoy...July 8th-just out

Re: Repost-Genuity Report.....enjoy...J... 8th-just out

posted on Jul 09, 2008 01:36PM

Great to see some positive press from someone who actually matters - an analyst company.

Still not sure about trucking out the ore, as it will take a while for the roads to be made for such an ordeal. The expense of the road is peanuts compared to the gains of shipping, and such a road will eventually be required anyway, once the remainder of the mines (yes that is plural) come into play in the years to come.

Noront also will not carry the full cost of constructing the road. It has been mentioned on numerous occasions that the Ont and Fed governments have a desire to connect the First Nations communities up there. Additionally, these communities would likely participate as work force members in the mines. All in all, a winning situation for all involved.

Too bad Genuity still has us lowballed at only $7.00 target, but that is without a lot of blue sky, IMO, and again there is no mention of Windfall in their report.

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