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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hello babjak,

once again great work on your part, thanks.

in regard to wes's words you quoted in your text:

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"As a strictly fly-in, fly-out venture, the boggy terrain is challenging to explore and develop.

“It's not uncommon to see your diamond drilling contractor standing up their waists in water, finishing a hole,” said Hanson.

What has industry and politicians excited is the discovery of chromite. The black mineral, which is processed into ferrochrome, is a key ingredient in the manufacturing of stainless steel. It's the first discovery of its kind in North America and could place Canada as a top-three chromite miner.

But the infrastructure costs and power needed to build and operate a mine will be huge, said Hanson.

“If we're going to produce ferrochrome in Canada, we're going to need lots of power, probably more than is currently available on the grid.”

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i just do not understand a noront management team member that continues to point out the reasons why a area play such as the ring of fire may not be the best place to invest when i thought the whole point of management was to champion the project and focus on the positive, at least in a public venue and figure out solutions to problems rather then continously highlight problems in industry speaking forums. i can only conclude that noront does not want me as a shareholder and i guess i should lighten my position.

this is a shame since i think they have the physical assets, its the mental assets i am not sure about.

all the best,

jsq

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