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: Bao and Cliffs

What would a joint venture with Bao and Cliffs look like in respect to Noront and RCF. Would the Eagles nest be just a Noront/RCF item and Bao/Cliffs take control of the chromite? Would/could Noront be a % patner in a Bao/Cliffs/Not/RCF joint venture? Would Noront and RCF be bought out and Cliffs/Bao take over world market?

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