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: Wes BNN clip

"I think many here may assume that Noront will vote No, but they do stand to gain much if the outcome is yes."

I would be prepared to state that NOT will vote with Cliffs on this. My opinion may not be worth a whole lot, but the only reasonable answer I can come up with for the events over the last couple of months, is that this is unfolding just about how Wes and the crew visualized it at the onset. Either that or they are totally incompetent, which I guess is also very possible after having had face to face discussions last weekend, and then listening to him this morning.

Best regards

K

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