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: we needed 10 million tonne to have a mine well

I do not agree, I think that we already have enough to have a mine.

What today's hole #70 shows is that with all the talk of chromite it is the nickel (Eagle) resource that talks loudest. It is just that some are not listening very well.

What we need is road and rail access to the area to be able to cash in.

Now an argument can be made that we need a huge resource to pay for that access if we go alone.

So what we need is one or more of the players in the Ring to be able to contribute to the infrastructures.

I think Cliffs knew about that months ago. Probably a couple others are thinking about same?

The furure is bright at Noront and all this talk about us needing $3 for the deal to go through. Humbug.

FWR's sp is riding on our coat tails so $10 would not help much because if we got there they would be at $3 or there about.

Their real price is $0.26 or so, all the rest above that is ours.

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