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: Current In Situ value $33.6CDN/share, Current Share Price % is roughly 0.6%
Anytime your interested you can go to http://www.grahamanalytics.com/Toolbox/insitu_valuation.htm and run the in situ grades for the 'Eagles Nest" deposit ( http://www.norontresources.com/?projects#eaglesnest ). Current ore in situ values for 11.131 million tonnes of Proven and Probable is $414.98USD/t or $439.88CDN/t for $21.37CDN/share in situ value at 231.75 million shares outstanding. For 8.996 million tonnes Inferred reserves the in situ value is $380.6USD/t or $403.44CDN/t for $15.66CDN/share in situ value at 231.75 million shares outstanding. Our current in situ value ignoring rhodium, chromite and all secondary deposits is roughly $37CDN/share(outstanding) or roughly $33.6CN/share(fully diluted). At our current share price of $0.20 we are trading at 0.6% of our in situ value. Use whatever % factors you think are likely and you can see there is lots of upside even with future dilution. ... Been There
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