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: Glorieux is for Noront

Thanks for that table of values Glorieux. Considering we have $25 million or so in cash for our exploration program, our current market cap is made that much more pathetic. Sitting at $85 million, one could argue that what is in the ground at all our properties and the company as a whole is only valued at $60 million. ( I know we have commitments so it is technically wrong) Seems impossible to me that we can have cash and a 43-101 that at 10% insitu gives us 141 million plus the cash and we sit at $0.55. Really does not make sense. Noront through Wes is really going to have to focus on getting some investor understanding of and confidence in our discoveries and use assay information to build our company profile. In the last nine months, every press release seemed to be written to give you the perception that the information presented was substandard or less than what was expected.

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