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: seven dollars

Hi, Babjak1,

I think that we've got yet another confused poster (James) who is looking at NOT's US$ valuation vs. CN$ valuation. This has been a source of confusion in the past, and it will continue to be confusing until we get into the habit of posting *which* $ we are using to peg the stock price: $CN or $US. Since Noront is a Canadian company, a reasonable person could assume $CN unless stated otherwise.

w.r.t. value as reflected by the stock price (which us longs consider to be *way* under-valued), perhaps the market is already looking at Noront as being a pre-production mining company, and therefore is considering only the deposits for which a 43-101 has been completed, the costs of extraction, and the current macroeconomic situation?

Thanks for all your great posts!

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