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: If Fwr/Not hits nickel tomorrow?

Khareema .... The ratio would be 3:1. Noront owns three halves with the two at Eagle One and another at "Double Eagle. FWR would only then own one at "Double Eagle". The rest of the equation some one else more qualified will have to answer when it comes to the rest of the resources discovered and money spent on resource estimates etc.

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