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: North South ROAD not 4 Cliffs?

It appears that "access fees" will be the mode of payment for "all industrial users other than Cliffs" based on the notion that the road will be built by a partnership of government and Cliffs. Junior miners do not have the kind of capital or cash flow to fund such a massive project, without outrageous dilution, so this seems like a good deal for Noront and other small companies in the Ring, to "pay as you go" once in production.

That is my take on it anyway. Is there is a more plausible explanation?

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