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: Is anyone hearing rumors....

At this time and in this market Noront would not get any offer worth accepting. Finish the winter drill program and lay some heavy duty deposits on the table, then talk.

While you can't completely discount all rumours a buy out rumour is slim at best, even large jv partner with deep pockets would be better brought on board AFTER proving up deposits with winter exploration first.

What I would just love to see would be a coming together of many of the 'players' in the ROF. Extremely complicated to do but then FWR and Noront sat down and each threw claims into the pot for joint 50/50 venture and that's a start.

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