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: ??? on 43-101 for forum???

??? on 43-101 for forum???

posted on Aug 07, 2008 11:23AM

My question is this?

On or about August 15th, I take it we are suppose to get a more indepth resource estimate on Eagle 1. If I am wrong here - someone knock me over and roll me under the bus? This is an assumption I am more or less under?

In that 43-101 estimate will they breakdown the costs of getting the ore out? Meaning - what is costs to build a road of some form and transport the ore from Eagle 1 to its final refinement location?

I guess I keep going over the powerpoint presentation that Noront just came out with. From a Marketing perspective of our stock it would be so much more powerful instead of saying "we have all this blue sky", "our new management team is great!". Instead "today based upon the resources we already have, costing this amount to get out, based upon building this road from x to y and this much mining costs over this many years - this is what the value is, and this is why the value is this". And hire some financial analysists and really give hard numbers in the road show presentation for this.

If I was a potential invester - saw the stock was at $3.00 should already be trading at $3.50, $4 ,$5 based upon resources that are already proven not "Blue Sky" I would jump in because the "Blue Sky" the exciting part - the part that can take me to $40 per share is free... Noront right now is like buying an option way back when, on Google and having it never expire - there is that much upside.

I am hoping we get something like that in August - some form of worst case scenerio to give us a drop dead rock bottom price - which we all know we are under right now. It seems like a team of really good mining and road construction analysists could put this together in a month.... That is what our road show needs to be selling - our stock price is already under our current proven resource value... Get in on the next Voisey Bay for free!

I admit to being ignorant? Is there a reason this has not been released or is that what we are all expecting soon?

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