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: Noront Announces Economic Mineral Reserve At Eagle's Nest

I agree with you keegann that Noront did a good job here. There is value here as well as Babjak has pointed out, huge value. My point was not anything against NOT's performance on this NR but rather my expectations of the market's reaction to it. I am probably too jaded here but so are many other investors who may see any run up in price as an occasion to sell. This chart has many resistance point now and it will take very serious volume to get thru that. I just do not think that this NR had enough sizzle to create that volume hence my bearish expectations in the short term.

Glorieux

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