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: Pinetree Analyst says Noront is Chromite play

Poly,

What he said, was

1)Great nickel find, however its not economic at current prices.

2)Spending 19 million this year on exploration.

3)Longer term this is going to be a chromite play. Not as well as other players in the area have found lots of chrome. Down the road they will need a major to come in and build a road, as well as other infastructure.

RR

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