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: Just talking, but...Is Noront there to stay?

I personnally do not believe that Noront is to be taken out as it seems the almost unanimous thinking here...

Taken out? By who? Cliffs? Don't think so. They are loaded with all they wanted. Their goal is achieved. They will certainly grab the missing portion of BD sooner or later but they have plenty of work to keep them busy to get the chromite to mining. I can expect from Cliffs a friendly take-over of PRB, maybe... Not of Noront IMO. Noront is there to stay. The little nickel-oriented neighbour, canadian-owned, well acquainted to the First Nations, solidly grounded in the ROF, is kind of an essential partner in the way to the development of this northern Ontario new klondike. As a matter of fact, Noront will best serve Cliffs as a distinct going-concern.

What I expect -still just talking- is increase consolidation lead by Noront along the way, and around the discoveries. Fancamp? Temex? Any more guesses? ROF is still a baby! Many drills, short and deep, are and will be talking louder and louder in the weeks and months to come. Noront is probably there to stay. The kid will go on his own. Dundee's sudden negativity may just be the realized awareness of this reality...

GLTA.

BaBe.

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