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: still confused
At the risk of repeating myself until blue in the face - Noront is Not in development stage. Noront is an explorer at best 'developing' it's resources ( that means things like in-fill drilling and basic infrastructure ) and looking for more resources. That is not development stage. Development stage would mean a complete N.I.43-101 (we received on part of Eagle's Nest etc.), completed feasability study, and finally most financing aranged, if not obtained, for construction of a mine. The 'development' terminology that you have been reading is just making preparatory plans for the future. Every exploration company does that as it finds or 'develops' resources. Hope that clear up some of the muddy waters. Ed G.
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