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: L2 WOW!!!!

1.50 tomorrow = Realistic but also optimistic. I would be content with finishing in the mid 1.30s today and trade in 1.40 tomorrow.

Realism also means taking into account as to what has been going on for the last few days. These folks are not through with us, at least that is my conclusion.

They had their chance to cover some at riduculous prices so there is no desperate need on their part to further depress the sp but there are always a few stragglers.

We need decent news to put a kink into their works.

As for potential buy out offers, slim chance for Noront in immediate future and I would not be surprised if first offer is 2$. Just a 50% premium. Obviously not acceptable to me, my average is just below 2$ even with recent buys.

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