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: Link to Cliffs conference call (also very relevant to NOT)

Link to Cliffs conference call (also very relevant to NOT)

posted on Nov 23, 2009 04:23PM

Well worth listening in to. Looks like we're in a different league now.

http://www.webcastir.com/WCframe.asp?B=1041&ID=803&L=1

Some highlights:

- World class deposit, can be mined at very low cost

- Start of production scheduled for 2015, mine life 30 years+

- Detailed discussion of infrastructure and mining plans and Cliffs financial rationale for getting involved in McFaulds area

- Also extensive Q&A, questions by representatives of big financial instutions like BOA, JPM, Deutsche Bank, Morgan Stanley.

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