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: Re: Rainy Monday Thoughts............... RCF: A retail-friendly shark?
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Sep 02, 2013 11:46AM

"But the entities involved with NOT at the present most certainly have ideas about what they want from NOT....we just don't know exactly what they are."

I would be very pleased to have a beer talk with Wes Hanson... The boarding of RCF is probably not stranger to his own deboarding! Wes' dream was to mine the Eagles... Does RCF have such a remote goal? Perhaps... The following excerpt from a Northern Miner interview with Ross Bhappu, RCF's co-founder, when they opened an office in Toronto in March 2011. Somewhat reassuring for us I think... A retail-friendly shark? But a predator still, let's not forget this, who should act -expectively- upon his interest of the moment, never upon his past words, sweet or cool as they may have seemed to be...:

"We try to identify what the exit strategy is going to be but it rarely turns out that way because things change all the time," he says. "When we get into the investment we make sure we have enough money to continue to support the company and then we reserve funds for future investments to make sure they get through the development stage to the point where they no longer need our support," he explains. Sometimes RCF exits a company following a feasibility study but more often than not, supports the company through to development of the asset. Once the company is self-sufficient, the firm looks for the exit as its role is done. "Our typical hold period would be between three and seven years," Bhappu notes. "That's what separates us from the hedge funds, which are looking at days to months...We strike a deal with the management team to add capital and help them advance the story" (http://www.northernminer.com/news/resource-capital-funds-opens-office-in-toronto/1000407349/)

Noront is now under RCF will. At least from next February. Our head should turn now in this direction. And our eyes be opened day and night to interpret whatever is going out from the Noront's Conference Room... GLTA.

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