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: The price of nickel has risen nearly 50% in 6 days

To put this into perspective... from this point forward ever $1.00 gain in the price of Nickel should translate into $92MM in market captialization or $.70 per share value for Noront.

I calculated this by taking the difference betweent he Noront Scope Study and the Genuity Report. I agree the line is not as flat as I designed it, so it could be more like $80MM for the first $1.00 and as you get closer to $10lbs nickel more like $110MM. But $92MM is the average and close enough....

Keep rising Nickel... I expect we will be back to $7.50lbs for nickel in the next 6 months (Nickel will not be mined at values less then this!). This will double our market capitalization alone.

If you live in the US please vote for McCain - we need as many nuke plants being built as possible to get that nickel price up... although this is not a political endorsement.... Although I think Barack will tax the crap out of our gas - so the Nickel used in makeing hybrid batteries might offset?





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