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: I'm Not Getting Too Excited Just Yet

From my research, I have every indication that Noront and partners WILL bring this into production. Nothing out there to say otherwise. The idea of a buyout is pure conjecture. Baosteel is not concerned about doubling their money or whatever (It would be peanuts to a corporation of their magnitude) they want the long term metal supply. And RCF has a history of seeing companies through to production. If you take a look at our Board of Directors, they are world class mine builders and operators, not salesmen. Food for thought.

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