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: I like it

Unlikely

posted on Sep 19, 2008 08:01AM

Mentioning the sale of Windfall is guaranteed to annoy a lot of people who put a high value on this asset.

In my opinion an outright sale is unlikely until at a minimum the following takes place. Bulk sampling done, underground drilling to sample and define zones, 43-101 for actual and inferred resources.

Until the above is done nobody is going to pay top dollar for Windfall because they just will not know how to value it. Now a spin off new company would be possible but how does that put immediate cash in Noront's hands?

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