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: Sprott talking about NOT summary

Sprott talking about NOT summary

posted on Aug 06, 2009 12:50PM

Caller called and asked about Noront Resources

-Peter is a casual observer of Noront. Sprott is a BIG fan of Noront.

-Noront has done exceptionally well over the last few weeks.

-Good indications that zones go deeper and grades are pretty good

-Latest NR is mixed, perhaps not as good as people were expecting.

-Latest news does not change dynamics of company.

-New mgmt team has good support, and its getting noticed.

-We like it as a company. Peter does not own NOT in his fund but that may change in the future.

-Long way from being a mine, but the resources potential is looking very decent.

-Overall NOT is a BUY

Seems like he wanted to say more, and he chose his words carefully. Wording such as VERY DECENT - hahaha, just say its VERY GOOD.

That was it.

Anyone from this board call? It was some guy from Newfoundland.

Peace

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