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: remember Dundee's report Nov.4, 2009

remember Dundee's report Nov.4, 2009

posted on Jan 13, 2010 05:25PM

Highlights of the report:

"Eagles nest Ni-Cu-PGE deposit size increases

Conclusion : Noront is in a strong position to to create value.

The company described the eagles nest deposit geometry as ribbon like being contained in a vertical zone with dimensions of 1000meters vertically by an east west strike length of 200 meters by a variable width of several meters to to 60 meters.

In our Oct. 16 note, we estimated a combined target size of the eagles nest at 10MT, that based on the company's dimensions could understate the opportunity by a factor of 2times (see exhibit one).

Couple this with the fact the eagles nest is open on strike and to depth and we believe that there is excellent upside potential on this deposit alone.

A steady stream of results can be expected over the coming six months. "

I came home from work today to see 1.81. I am speechless. The steady stream to create some steam is overdue.

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