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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Hi LTGoldbull2

You wrote:

"Noront will move rapidly higher on committed infrastructure (gov't) boots on the ground, w/o it the Eagle and Blackbirds are worthless"

Based on yesterday's NR I don't agree with you. 494 million spread over 204 million shares is $2.54 per share. Definitely not worthless to me.

From yesterday's NR:

"Micon also completed an economic analysis that confirmed that the Project can support 100% of the related infrastructure costs. Under this scenario, the Project demonstrated an after-tax NPV of $494 million (6% discount factor) and an after tax IRR of 19.2%".

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