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: NOT's Cheque Book

"The purchase of the camp was a shrewd move by Noront." And was it ever JDR.

Cliffs must be desperate to sell the camp separately and early.

If you saw a beutiful rare car that wished you could buy at a good price and you saw that the owner was willing to sell it's wheels separately and first. Would you not buy the wheels, I mean who would buy the remaining car without wheels.

Lets assume that X2 bought the remaining Cliffs assets in the Ring. To operate they would have to build a camp and the one we obtained is not in an ideal location? Of course it is and the next one may not be as convenient.

Hello? Ed scratching his head. You too JDR?

In that case X2 might be eyeing us over to buy OR we have our foot in the door to obtain the remaining assets of Cliffs.

Either case, very interesting.

Cheers Ed G.

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