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: I am wondering about something.

I disagree about rail being the best way for Noront to ship. If the line is in and a reasonable rate is negotiated, maybe they could use it. Noront is planning a million tons a year of ore. Concentrated on site and then shipped. The final amount of shipping weight can easily be done by truck. The chromite is a different story and is more weight intensive and should have the rail. I could use a 400 series highway to take my product to market and save some time but I am still making lots of money with the county road I have to use. If I had to pay a toll the cost would be too much and I would stick to my road. Still making lots of money either way. oront should stay out of rail and let the Baosteel and Cliffs duke it out.

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