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: House positions for 8/21/2008.

You're right, a lot of us are getting conditioned to expect more massive chromium, more rich nickel would be satisfactory to say the least.

I will try to find the time to call the office tomorrow and ask what they think is most likely to be found in this location. It's something they may be willing to share as it's not material and likely to upset the regulators.

Even if Fancamp does hit big there would still be reasons for them to jv with Noront instead of raising required funding to prove out a deposit entirely on their own. Would push for Noront to pay hansomly for the privilege but so what still could be win/win.

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