I just read through the Investor Presentation. This was clearly a document that has the purpose to drive home the fact that without Ni there is no chromite. This is a statement that Noront is the king of the castle because it is the only company that has nickel reserves and they boldly say they are two years ahead of all other companies in the ring. Now all this was made possible by BH49. At 3 million tonnes, Eagle 1 is like a diamond on the moon, worth a lot but impossible to reach. BH49 changed all that and allowed Noront to publish and present such a bold sales pitch. But just wait a minute, aren't we getting slightly ahead of ourselves? Us poor retailers may be, we have not been given even the locations of the hole, let alone dips, azimuths, assays. All we have is a very sketchy and general description of the 440m of mineralization.

But, the people who wrote this presentation and authorized its release and used it to get large institutions to invest certainly have the facts. They even have the feild data on Ni composition that is being verified at the lab. They also have visuals on two more holes since then , plus an indication of the Ni in those. Noront cannot afford to mess up again. They certainly can't seduce the big boys on false or sketchy information. They can't risk getting in trouble with the TSX.

So that gives me some confidence that the ore below E1 exists, that the bold statements about tripling the length is suggesting a tripling in reserves intentional. This gets us up around the 10 million mark. Its all good, and the investors presentation is too revealing to be not based on enough facts to give it credence. I will start my weekend with a cold beer and an easy mind. Have a good one.

Mike