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: Tonnage

Thanks rook for your answers.

As promised, here are mine:

Grades and Tonnage:

I first thought this was going to be a mine just from eagle1 (my mistake)

That wasn´t your "mistake", because nobody knew how many tonnes of mineralized material were down there.

But who said this is not economical to mine ? The first 43-101 on Eagle 1A showed 3M tonnes with high-grade material which (probably) would be mineable under certain circumstances (higher ore prices, infrastructure (partly) paid for by government and/or other RoF players).

Obviously, I was very excited with the mineralization down deep (B+C) however, I am concerned of the grades, that's why I'm posting the question on tonnage.

Don´t understand your concerns here, because grades were improving @ 1B with latest results (and even the start with #49 @1.2% Nickel average was not too bad) and 1C did show similar grades as 1A (average over 2% Nickel).

Until we know more about tonnage with further drill results I would say, we have a more than respectable "grades situation" here (compared to many other deposits anywhere in the world).

As far as Not mining it themselves, I have no idea if its possible.

Neither have I, but officially Noront is going that route. My opinion is, that this is a scenario to show the big guys that they will have to make a move at some stage rather sooner than later.

it's hard to trust this BOD. I just wish that Wes is as good as everyone hopes he is.

Me too.

Thanks again for your comments and I hope, mine did provide some relevant points for you.

FANTOMAS

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