Re: Promotion

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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Francis Dube

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Re: Promotion

in response to

Promotion

Rosedale

posted on Sep 19, 2008 05:23AM

I see this as our company realizing how bearish the market is and that the credit market are very difficult and MAY get worse yet. We are operating as leanly as possible to not put ourselves in a weakened position. I see this as NOT management playing the game as safely as they can and being very honest with investors. Good investors will still realize we have 40M in the bank with a burn rate of 4M per month and we do options besides PP like selling assets thru either JV or outright or emit flow thru shares. I am OK with this.

Glorieux

I was appalled by this comment between our CFO and Snezzer :

"I did forget to mention that Feeney told me he'd like to have 10 drills or more up there. He said it wasn't for a lack of targets that they only have 4 drills up there, but for a lack of funds in this sketchy market."

Could management confirm this is how our CFO is presenting our company publicly (along with 'we could sell Windfall, or perhaps do a flow through') ?

Could Noront management comment on the strategy of presenting our company as cash poor in a bear market ?

What view of the company does this promote to brokers who might be involved in any financing, or Majors or JV companies that might be interested in buying/partnering ? (That is a rhetorical question).