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: In Situ Value Hole 10-089
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Tgarfield2,

I believe that you are in fact implying that the current market cap of Noront is only 10% of the in situ value of the resources discovered thus far?

In fact, the current MCAP is only 5% of the in situ value of Eagle 1 alone, based solely on the measured and indicated tonnage of 6.9 million.

Cheers, Luker

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