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: Noront Resources announces a C$0.86 per share final Offer to all Freewest shareh
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"Cliff's has showed us the potential of the chromite"
We did not need to be shown anything by Cliffs that we did not already know or suspected. I think you are being to kind to Cliffs.

"I do not like is that we may have painted ourselves into a corner by saying this is our final offer."
And I do not see this as us being in a corner. It is a final offer for Entire Freewest.
I had hoped that this offer would be just for the Ring of Fire assets as the Cliffs offer is. This would have put us on a more even playing field.

So the next offer, should there be one from Noront, can be only for the Ring's assets.

Needless to say, I am not pleased with the current offer, 173% is ridiculously too much. I would have offered 1:4 only for Ring's assets now or gone away.

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