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)

Free
Message: 1:39-2:11

When I look at this time frame I see the following:

TD buys and Jitney sells

Then Jitney buys and TD sells.

This very well could be TD to TD.

Then I see our buddies at Wellington, the ones that were hot and heavy buying last year at the same time very happily at the same price we have now BEFORE THE DEPOSIT WAS TRIPLED!!!!!!!!!!!!!

So what do they do during this time frame of 1:39 to 2:11. ...They play their games of course. All transactions are at $1.10 a share. When Wellington is buying Jitney is selling when Wellington is selling Jitney is buying.

1:39 wellington sells 1000 shares

1:39 wellington sells 100 shares

1:40 wellington buys 2900 shares

1:40 wellington buys 1000 shares

2:05 wellington sells 400 shares

2:05 Welllington sells 1000 shares

2:07 wellington sells 1000 shares

2:11 wellington buys 200 shares

2:11 Wellington buys 600 shares

When you add up all the buys during this time period for wellington you get 4700 shares

The sells are 3500 shares. But are there really any sells here? OR is it a transfer from wellington to wellington? Who knows. But talk about games. I guess Wellington realized from their last July's BIG CHUNK purchases how fast the share price ran up. Cheaper this way to get shares I guess. I still can't believe so many shorts were covered recently and our price went down 22%. Not up. WE all know why the games are being played. Every last share is trying to be squeezed out of the retail hand and for good reason.

Remember this speech June 15, 2010 in North Bay (reminder below)? Whenever I get annoyed at the share price I think of many things like this speech and Noront deposits and their land package. Did we really expect that the pirates wouldn't resort to every dirty trick possible to steal shares? I showed you RIM in 1998. Eighty-two cents and the device was being played with by many priveleged people including two I know. How the heck could the price have dropped to 82 cents and the pathetic volume at that time. HOW? By games and more games ...hey, just like we see here in Noront-ville.

When you read the below refresher ask yourself this, Does it make you want to buy or sell your Noront shares?

Honorable Michael Gravalle, speech at Annual Ontario Mining Association, North Bay

As signalled through our government’s throne speech and it’s 2010 Budget, development in the Ring of Fire is a key priority.

North America’s first potentially world-class chromite deposit discovery continues to fuel an incredible exploration boom. The Ring of Fire is lauded as one of the most promising development opportunities in Ontario in more than a century.

It is certainly one of the most significant developments in Canadian mining industry over the last few decades.

More than 30 companies hold about 31,000 claim units in the region. This arcuate area of claim staking covers about 5,000 square kilometers and is the focus of exploration for chromite, nickel, copper, platinum, palladium and diamonds.

Even at this early stage, positive drill results coupled with the escalating interest in chromite production have raised the development potential and profile of the region.

Some companies are suggesting that an ambitious development schedule that could see a mine brought into production within about five years.

The Ring of Fire would undoubtedly become a major economic force for nearby communities.

It would also be significant for the Far North of Ontario, supporting regional and community infrastructure development, as well as value-added manufacturing and related mining sector supply and services companies across the province.

There is tremendous opportunity for jobs and growth, and for Aboriginal Peoples in particular to become trained to work in good-paying mining jobs, and to be involved in the industry.

Investment on this scale would be a significant regional economic development driver for Northern Ontario, as well as the financial services sector in Toronto.

A new Ring of Fire Coordinator at my Ministry will work with all parties to ensure this project moves ahead in a timely and appropriate way, ensuring a collective effort is made advancing responsible economic development in the McFaulds Lake area.

Achieving economic development will require ongoing collaboration and developing innovative partnerships to foster growth and success.

One of our most ambitious undertakings is modernization of the Mining Act to help build a strong and stable future for the industry in the face of a new world economy.

To remain at the forefront in a highly competitive global market place, it’s imperative to embrace change.

Moving forward modernizing the Act will align it with 21st century values.

It is to the credit of everyone who participated in consultations, who gave voice to issues and concerns, that we developed Bill 173 – legislation that has been called “historic” and “groundbreaking”.

I would like to acknowledge the invaluable contributions of a key group — the Minister’s Mining Act Advisory Committee, which represents a broad cross-section of interests and perspectives ranging from industry associations and Aboriginal representatives, to environmental non-governmental organizations.

This committee has been working diligently to provide support to my Ministry. The group’s expertise and efforts have been critical to the success of the MAM process, and it will continue to be an important partner as we forge ahead with Mining Act Modernization.

Amendments to the Mining Act will solidify a foundation of consultation appropriate with the graduated impact of exploration and activity with Aboriginal communities throughout the mining sequence.

A synergy will develop for a business environment conducive to sustainable mineral development and the engagement of Aboriginal Peoples.

Unprecedented new legislation will provide greater clarity and certainty to the industry by establishing a clear framework for responsible management and development of our mineral resources, while maintaining fair and competitive access to mineral tenure in Ontario.

Through to the end of July, our Ministry staff will continue to conduct broad-based consultations with industry stakeholders, non-governmental organizations, First Nations and Métis on the development of regulations and policies to govern Mining Act amendments.

Following the conclusion of these initial consultation sessions, our Ministry plans to host a series of focused multi-stakeholder workshops on key issues throughout the fall.

Consultation is of paramount importance.

Let me also reiterate that Ontario, through MAM, is a leading jurisdiction in many ways, by:

  • recognizing Aboriginal and treaty rights within the Act;
  • incorporating Aboriginal consultation into mining legislation and regulations; and
  • building a dispute resolution process for Aboriginal-related issues in mining.

It is so important to strengthen and build new relationships with Aboriginal Peoples, as well as to identify opportunities for capacity building, and to support their direct participation in the minerals sector.

Change and firsts are benefiting Ontario’s First Nations communities, for example:

  • Wahgoshig First Nation will hire a mining coordinator who will not only build relationships with industry partners, but help the community enhance mining-related knowledge and build job opportunities; and
  • Matachewan First Nation recently graduated five mining program students, preparing them for employment at the Young Davidson gold mine – and hiring the mine’s first female production miner.

It’s really all about working together and moving forward with confidence and clarity of purpose.

I would be remiss not to mention the mining support cluster, which is of immense value to the mining industry and to Ontario as a whole.

At this time, I’d like to acknowledge the good work of the Ontario North Economic Development Corporation for their recent Northern Ontario Mining Supply and Services Study.

My ministry is proud to have been involved in and funded this project, with support from ONE DC’s five northern cities, along with SAMSAA and FedNor. Ontario has much to offer potential investors, and initiatives such as this help identify untapped economic growth potential.

I’ll conclude by reiterating that the global economic shift presents tremendous opportunities for the diverse communities and economies of Ontario.

Our government and my ministry remain committed to developing programs and policies that foster a vibrant, competitive business climate of accessibility, collaboration and investment across the province.

The OMA has coined the mining industry a “productivity powerhouse”. I couldn’t agree more.

Mining is high-tech, solutions-driven and focused on innovation. Working together to achieve our common goals is an important step on the journey toward a more prosperous Ontario — one that advances the industry for balanced progress.

Thank you for your ongoing encouragement of our initiatives. As Chair Flumerfelt once said, “With Ontario’s geological potential and the drive of industry, mining will be around for a long, long time.”

Thank you for your kind hospitality.

This entry was posted on Thursday, June 17th, 2010 at 10:15 am and is filed under Aboriginal mining, Michael Gravelle, Ontario Mining Association, Ontario's Ring of Fire Mineral Discovery. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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