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 as a chromite miner?

"At the golf tournament Wes Hanson said they were proving up the chromite to use as bargaining for Baosteel to put money up front in exchange for a % of our chromite production" Golfinger

Could you please clarify:

Did you mean to say: "they (Noront) were proving up the chromite to (enable Baosteel) to use as (a) bargaining (chip) for Baosteel to (get Cliffs) to put money up front in exchange for a % of our (NOT's) chromite production (including ferrochrome, etc??)

Peter

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