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: My only regret is...

Edgy ,

as everybody assumed ,knowing that Noront did not have the resources to win the battle with another bidder coming on to the scene , that the BOD was working on the bid with a strong backing if not from a Major at least from institutional entities .

It turn out that they were working this alone from the podium that themselves erected .

The PRs achieved something of significance ,as you quite rightly say, but the wasted occasion to improve the SP is there , considering the fact that the takeover was a very, very long shot.

Of course we will come out stronger from this experience but at what a cost.

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