Noront's CEO Richard Nemis is very pleased to report that the positive results of this study show that the direct shipping of high-grade material outlined at Eagle One is viable even at these depressed commodity prices. Mr. Nemis goes on to state that:

"this shows that the Eagle One deposit could support itself (at these depressed prices) and what really excites us is the fact that it brings down the economic thresholds for the other Copper Nickel deposits and chromite deposits that we have discovered over the past 14 months

and

We at Noront as shareholders and employees are not happy with our depressed share price. However, management believes that Noront's true value will be better reflected in the future when the markets return to normal levels.

Now, let's see what some of those other deposits are worth.

Cheers,

Milsy1