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: Todays Trading

"So if I were to take a shot in the dark my number would be 20-30 Billion Gross.

My hope is someday we have a market cap of 2 Billion."

If you throw a little math into the comparison, it is easier to justify.

Noront has a marketcap of approximately 1% for a mineral body that presently has no feasible way of extracting it. This precisely where an exploration company with an attractive orebody could expect to be, notwithstanding the hype that can be atached to a new discovery.

If you add some infrastructure to what we have, we can expect the market cap to approach the 5% mark.

On top of that when we have a decision to go to production, along with a financing package attached, we can expect that we will approach the 10% point.

As construction proceeds, and we approach full production, we can expect to climb into the 20% range, which incidently, is just where Osisko is at the moment.

Best regards

K

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