I'm a little confused.....

Today, in his talk with Neil Novak, Sum4All quoted Neil Novak saying "We have $40 million in the bank.............We will be looking at finance planning in Nov/Dec."

In the Sept. Northern Miner article on the Ring of Fire, William White, Pres. of IBK Capital said "We'll have 15 rigs drilling over the next month or two, but if the success rate continues, we could have 40 drills going by next year becasue every company will want a drill on their targets," says William White, president of IBK Capital, which has raised $110 million alone for the play, including $80 million for Noront. "We'll have no trouble financing (for the ROF) it because until now we have been using hard dollars and there is still the benefit of flow-through money ahead of us".

I recall the famous remark "A million here and a million there.,..pretty soon it adds up to money" !

Agoracom could you ask Noront to clarify, please.

Thannks,

jacki79