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: prb-consolidation-CM...
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May 20, 2009 07:28AM
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CMP
May 20, 2009 07:42AM

Good Reminder CMP!.

I remember Irwin's words during the proxy fight:

"(a) Noront is squandering its leadership position in the McFaulds Lake area by optioning out its ground, rather than consolidating other players in the region to form a company with critical mass which is capable of bringing a project into development;

-(b) Noront has been unwilling or unable to deliver on several important initiatives to enhance shareholder value including finding a replacement for the President and Chief Executive Officer, obtaining a listing on the Toronto Stock Exchange and spinning off non-core assets to shareholders"

By reading the above,"(a) The new BOD has made progress. Got rid of some JV's fast and today the jv with probe.

If this is the sequence of action based on Irwin's words I guess part two (b) is next? CEO is next followed by TSE listing and then spinning off of non-core assets.

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May 20, 2009 08:06AM
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May 20, 2009 09:16AM
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