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: Comparing Scoping study against todays prices

Based on the current value of Eagle 1 and nickel/copper spot prices, the fair value of stock is $6.40. If the size of the reserve is tripled, then break point is even lower and the stock price is deserved for higher than $19.20.

There have been some recommendations on unloading some shares at around $1.40. That was not a bad idea to take some profits to be safe. If you don't have a confidence yourself in evaluating fair value of stock, then you will be most likely affected by fluctuations of the market and negative side of opinions from others. That's where the fear smears in and plays a big part of your trading.

The majority of recent trading was done by institutions and big hands. They have enormous money sitting on the sidelines. We retail shareholders contribute only a very small portion of daily trading. Once Noront delivers assay results as expected, surely money will poured into this stock. Also sp becomes over $3.00, the margin option will increase trading volume.

In my personal opinion, upon relatively positive news release, sp will jump up to over $3.50 immediately. Anyway, that's my opinion.

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