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: Just got my 2012 Annual Report in the mail. Nice looking document!

Why would you buy what will be given to you?

Boxterfan.

You need to explain above assertion "what will be given to you".

Of 8.84 million options "given" or granted in the last few years not

one is in the money,meaning that Noront has to go above $ o.62

before the lowest of the issued options will be worth anything to

person holding said options.Even then they have to by shares at

exercize prize of the option.Shares are NOT given to them.

The last batch of options granted in August a @ $0.46 are up for

approval at AGM.For full disclosure i voted against approval. not that

it will make difference.

One more thing, as soon as someone makes purchase of the stock

one assumes risk.On the other hand a holder of options can sit back

and wait for a stock to go above exercize price and then sell stock

short ( covered short) and exercize option,to cover short.

GLTY and all,

Fossil

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