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: Re: One more thing regarding valuating Noront...

Excellent post Herb

It is so strange how we tend to be tunnel visioned when it comes to the RoF. All we see is nickel.

Being very brief there is a new discovery weekly adding ever increasing tonnes of mineralization to the RoF area.

Cliffs clearly knows the value of the chromite and is slowly investing in the area while remaining under the radar screen.

Eventually there will be one or two companies that own all these properties and it won't include Noront. The eventual buyers will pay for all the mineralization not just nickel.

As much as we all enjoy the speculation on nickel values, the other metals will add significantly to the final price.

SN

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