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: When will the market value the Chromite?

Guess you clearly stated what we'd all like the answer to: "Can someone tell me is it only a matter of time before the big guys or institutional investors realize the value of Chromite?"

A couple of things could happen.

#1 a preemptive move on the part of someone like 'xtrada' to lock up the chromite by throwing a lot of money at those players holding the ground along the 10+ kilometers of indicated rich chomite. This would/could catch the market completly wrong footed and the resulting immediate share price increase benefit primarily we long holders.

#2 Someone like 'xtrada' starts accumulating shares in the above companies on the open market. No indication of this yet and you'd think we'd notice buying strength of that kind.

#3 Institutional and 'big boy' investors believe someone like 'xtrada' is going to shortly do #1 and/or #2 and they pile in to reap some fast profit.

When is the biggest and toughest question to answer.

It likely goes back to the 'critical mass' discussed earlier on the forum. When Noront and others have 'proof' acceptable by one or more 'majors' that said critical mass of the right grade of chromium is identified then we can sit back and watch the fireworks. Indications from Noront seem to indicate 30 million tonnes would be the ignition point.

The kind of picture that appears is why just about all of us have held on to all the shares we can in both Noront and FNC/FWR/SPQ/BMK we can. Also why we can't understand why other retail investors don't see potential for 3, 4 or even 10 bagger out of buying at current levels.

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