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: Theory...

Just have to say, I was closely associated with a world-class successful organization for many years whose policy was to strongly discourage decision-making based on gut feelings or intuition. In fact, doing so was virtually a firing offence. I always assumed this policy was soundly based, but of course anyone is free to do as they wish for their own account.

With reference to the posts on the blockade, many viewpolints have been put forth (this is an open forum), some at cross-purposes. I am focussing on Noront's role since this is a Noront forum, though there are, of course, many other interesting aspects. My take is that Noront's credibility is at stake in the way they are spinning this. If they don't come clean soon, as a retail shareholder, I will be increasingly nervous about their goals and intentions.

(For what it may be worth to anyone else)

Best, O.F.

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