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: OT: Genuity Report.

Reasonable Rob, but a breakout on spectacular assays or lengthy hits could be possible. I've a feeling most longs even on this forum are just a bit fed up with the lack of share price recovery given the good results received this last while. Maybe a lot saying 'wake me when things get serious and the joke prices end'.

While I'd love to see a Major step up to the plate soon it's tough for both them and Noront to negotiate in good faith until more is known about the size/quality of deposits and overall geology. Hard for me to see a Major buying in soon, plenty more will be proved up yet this year and drilling continue again through the winter.

Might see some Major getting feet wet on a joint venture, perhaps 'chromium' deposits leaving Noront with 100% of other metals to deal with later.

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