During the Sept. 9, 2010 preliminary assessment Noront assumed and applied 25% to all season road, 50% to the power line and 50% to the winter road.

We know from all we had heard and read that infrastructure WILL Happen.

What you read below after the double dashed lines..I posted weeks ago. Nothing has changed. The TWENTY is still here in value.

Noront drilled AT12 and understands the geology better. There were no killer holes we were hoping for.

So, does it change what we already have in the ground?

If Ciffs ...today...came out with a few not so earth shattering holes in the property they acquired from Freewest ...do you think they would feel differently about the bargain they bought. It still rings in my ears...We at Cliffs will be able to increase our revenues by 50% once we are mining at McFaulds Lake." This figure is based on what HAS been discovered not future holes.

Noront has been ridiculously manipulated. I urge you to find just one stock that is as ridiculously priced as Noront Resources. Find one that sits at a given value and then TRIPLES the resource AND then DOUBLES the triple and then goes back to the original value. You won't find one.

Oh, it must be the results at AT12.

It's AT12's fault.

Really?

Did AT12 erase the triple and the double that occured at the Eagles Nest? Are we back to 3 million tonnes? Does AT12 have that kind of power?

No, it does not.

Also think about it for a minute. The Gov't is determined to put in infrastructure. That in itself is like another eagle. And the market sees no value in this? Really? Infrastructure is free? Funny how these analysts were poo pooing Noront with ...Oh, its a world class resource but without infrastructure......you'll need 20 million tonnes.

So, where are these analysts now? I see 20 million tonnes and I see infrastructure coming. Does this not make for a positive share price?Are all these positives a reason to drop in share price?

We have 20 million tonnes and that is not going anywhere. This low grade bulkage at AT12 just adds value to the 20 million tonnes we already have.

I refuse to put my head in the sand and not look at the true value of this company.

I'm invested in a company that has 20 million tonnes of high grade DIVERSIFIED stuff and has just added to that tonnage with today's news release.

We have MORE not LESS than we had yesterday. If some people out there feel good about selling their $20.00 bills for 60 cents ...it's their choice. .

Here is my previous post below. It is a good reminder of Noront's value.

Also, don't forget that the 3rd largest steel company in the world has invested in Noront Resources.

And they bought at a premium to today's price. I believe they are of the same opinion as me in thinking that AT12 didn't swallow the additional 17 million high grade tonnes that Noront has coughed up since we sat at 60 cents a couple of years ago.

17 million tonnes for free and some free infrastructure to come. Who wouldn't want a piece of so much " free stuff."

==============================================================

From Last PA Sept. 9, 2010 we had 6.9 million tonnes Indicated and 4.3 million tonnes inferred

Average 3 year spot price

based on year 2008-2010 Spot price today

nickel 9.08 per LB nickel 12.07

copper 2.92 Per LB copper 4.34

platinum 1,427 Per Oz platinum 1,808

palladium 345 Per Oz palladium 759

Gold 944 Per oz gold 1,502

Sept. 9 2010 based on the 3year avg. spot price at a 6% discount rate the NPV was 540 million. That worked to about 3 buck per share. This is just for the eagles nest. Based on the current spot price that boosts us to over $4.00 per share. If you recall last Sept. Dundee didn't like the fact that Noront implied 25% to all season road, 50% to the power line and 50% to the winter road. Dundee seemed to imply that it was presumptuous to assume cost sharing. Give me a break. Gov't has shown tremendous interest to SHARE, CLIFFS and KWG and others will all share in the eventual infrastructure.

Here's the part that is mind blowing. March 4, 2011 we have an announced resource increase. Measured and indicated is 11 million tonnes, and inferred is 8.9 million tonnes.

If you go back to the original P&A and read it once again, it mentions the following:

"Opportunities to further improve the economics of the PA, include resource growth at Eagle's Nest and grade increases resulting from recent infill drilling. The Company is also encouraged that the PA demonstrates that the Eagle's Nest Ni-Cu-PGM discovery can bear the full costs of infrastructure development if necessary."

Here's my understanding. Based on current spot prices we had an eagles nest resource worth over $4.00 per share based on infrastructure sharing ,but, we have an economic deposit even if we have to bear 100% of the costs.

Then we double the deposit and announce it this year. We are not paying for the infrastructure costs a second time with the doubling. So it is worth more than double to the share price.

Next the blackbird deposit. Similar tonnage to KWG's portion of Big Daddy. Grade is slightly lower but fairly close. Now, KWG comes out with "our portion is worth $2.97 per share!" They have more than 3x the outstanding shares!. So, can I assume our blackbird is $2.97x3=$8.91? And what is not even factored in the the fact that the eagles nest has already paid for the infrastructure, so we're not paying for that again to get at the chromite.

Don't get me started on the Vanadium or AT12 or the 98% remaining land package or the fact that the eagles nest is open to depth. Based on all the above I see $20 per share. I would appreciate comments from others on this.

I'm looking forward to the updated P&A. I wish it would also have the chromite factored in.