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: Ring of Fire slowdown opportunity

"Even better, he said that the collapse of the junior mining sector is creating consolidation opportunities for Noront. When the company discovered Eagle One, it triggered a massive staking rush in the Ring of Fire. But now, many of those other juniors that staked ground are running out of cash and have stopped work. As a result, the action in the Ring has slowed considerably."

.....and now we are seeing those JV's collapsing...... and the land returns to NOT. Seems to be working out doesn't it?

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