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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I was a little taken back when he said our stock is 10 times under valued.So he thinks it is worth only 5.00 bucks .Surely after five years of drilling and doubling and trippling the resource base ,we should be worth as much as when the find was made at 7.oo bucks

Hi, B-Jay.....When we first hit 7.00 bucks we had some 90 million shares

outstandig. Now we have 250 million issued.If we can get to 5.00 bucks

Noront would be worth 1.25 billion or little over double what it was in early 2008.

As i said in earlier posts, repeated dilution ( issuing new shares at these low prices)

will hurt existing shareholders and diminish our returns, unless one is able to maintain

percentage invested in NOT,as Baosteel just did.

GLTA,

Fossil

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