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: check out balmoral

Right on:

While it may not be fair to compare to some of Noront's best intercepts, Balmoral's are ok for nickel but far short of Noront's copper and PMs.

I have not had the time to go back on Noront's drill average but from memory we are loaded in all four, nickel copper, platinum and palladium.

I remember saying that many a company would have been glad to have just our copper alone or the PMs alone. Not to gloat about our nickel and more so the sum of all.

There is no equivalence between the two ores.

To be fair, Balmoral is in the early stage of exploration and with further drilling they could come close to ours.

What is more important is that another and similar deposit has been found. I suspect the Canadian Shield will yeald more in the future.

Anyone wanting to take an early risk could take an entry position but at near 2 bucks, I am waiting for a while.

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