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: View from the sidelines

View from the sidelines

posted on Jun 30, 2009 10:01PM

I haven't posted for several months due to other personal time commitments ( some of you will understand) but I have been reading most of the posts whenever I get a chance. For what it's worth here is my take on the past happenings and my projection going forward.

On the appointment of Wes Hanson as CEO

I did a fair bit of dd and research on Mr. Hanson, he has held a number of senior positions in a number of companies and has a decent background. He has however never held the top position in any company, has he got what it takes to take Noront forward to the next level, achieve shareholder value and most importantly stand up to the Board when it is required, only time will tell. It's my opinion that Mr. Hanson or "Wes" is the CEO because Joe Hamilton wanted him. Joe needed someone in the position that he could trust and someone that will follow the directions of the Board. He deserves to be given the time to prove himself but please let's not compare him with or to Richard Nemis, doing so only diminishes Richards value, neither can you compare him to John Harvey, as there is no comparison.

On the recent NR

Let me be clear I'm no geologist I am however a savvy mining investor who has been reading results for longer than most of you have probably been around. These results are excellent, not yet outstanding but definitely enough to get the markets attention. It has been obvious to me that most of the market had discounted the chrome. Combine that with the sell off by the funds and we have a SP that has been treading water and sliding for the past number of months. Today we saw some of the funds move back in , most likely in anticipation of the assay results.

This comment by Mr. Hanson is significant

“we are extremely encouraged by the latest drill results at

Eagle One which suggest significant potential to increase the previously estimated resource at Eagle

One. Hole NOT-09-049, drilled down the mineralized structure at Eagle One, proves that high grade

nickel, copper, PGE mineralization continues well below the previously interpreted resource limit. We

are currently re-evaluating our planned exploration for the remainder of the field season with a view

towards aggressively pursuing resource expansion at Eagle One"

The last comment is key to the markets reaction the market will digest the NR and the comment re the high grade nickel /copper and we should see some significant movement in the SP as we head closer to the release of the assay results and further drill results.

As for the second NR it was inevitable and understandable that the Board had to update it's options plan for the senior management group. They need to keep Harvey and Mungall focused on the goal.

In summary

I believe that we will see the SP climb significantly over the next few months will we see it back at $7 or as Crazy Dik says $20 , but this will only happen if the Institutional investors see value, and I strongly believe they will. I only hope, like a lot of my friends who post regularly, that Messrs Hanson, Hamilton and Parisotto do not sell us out before true value is achieved.

GLTA

Joe

ps

for those of you who follow my posts my significant other is progressing miraculously. With the aid of an implant she can now hear slightly and it is improving. Her eyesight has improved though some days can be a challenge and her speech and facial muscles are also improving. Like me she is also a strong supporter of Noront and what the future holds for all Noront Longs.

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Jun 30, 2009 10:08PM
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