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: Keep in mind...since we were last at $1...billions added in resources
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Re: Keep in mind...since we were last at $1...billions added in resources

posted on Oct 08, 2008 05:24AM

One thing this shakeup has brought home to me is that Noront was not exaggerating the fact that E1 could if push came to shove be mined and shipped BY NORONT.

Of course there are infrastructure concerns but bottom line is that Noront if they have to could haul out nickel from Eagle 1 and make a lot of money for shareholders by doing so.

Not saying the above has to happen just that it would unlock a lot of value and over extended time frame as Noront wouldn't be going in 'gang busters' to take out as much as possible, as fast as possible to cover massive overhead a Major project would involve.

Similar options are available for Windfall and you can bet Noront Management are keeping all options open to get maximum value for shareholders.

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