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: Re: FNC news - Poly
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Nov 03, 2008 07:55AM
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Nov 03, 2008 08:08AM
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Nov 03, 2008 08:32AM
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Nov 03, 2008 10:03AM

My comment was solely concerned with FNC's news release and it's effect or lack of effect on share prices.

I'll agree that things appear to be looking up for FNC as even a good taste of nickel is better than nothing. Point is that it's not enough to excite the market.

Here's hoping they find larger interception at new location and Hey hitting on some chromite lenses wouldn't hurt either.

Biggest problem for all explorers in the ROF EXCEPT Noront is that they don't have the kind of money to do extensive drilling. Maybe not a problem because a few nice long intercepts of good ore and they can go to the market and raise the required capital to prove up what they might find.

This is one big reason Noront is still the safest play in the ROF. Noront has the money to prove up any deposit they hit on. Infill drilling of a large deposit costs 'big time' and does have to be done.

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