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: Just some thoughts.. though you might not like them.....

Sam:

When I'm told face-to-face by the IR person that one of the CEOs is a-retentive with regards to communications, then I wonder who wants to communicate and who doesn't. I sense that you might be quite correct when you write "frustrations being vented toward the IR people may be mis-directed."

But then again, I don't think my opinion (or anyone else in this forum) matters one iota to this Noront BOD, and things are what they are. Investor activism, through actions like proxy fights - unfortunately - is where most often we are heard. And as we have seen, it works.

Thank heavens we have Agoracom and this forum.

Snug

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