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: Royalties

"Without NOT nothing will change in the area in our life times. "

That is an exaggerarion much along the same as Cliffs was doing re no future. May I correct that nothing will happen over the next five years or some things may happen but with Delays of up to 10 years.

You have to take into consideration that Noront is not the end of all means, after all another entity could buy Noront and who knows how successful they would be with all the issues facing the region.

What is probably most true is that Noront with it's current management is the best bet for the natives and region. Any one else is a big unknown and we have Cliffs as a prime example of what could happen.

Natives shot at their own foot through negative criticism of the Noront buy of Cliffs's assets, and I can not comprehend the logic behind it. Emotions must have trumped logic.

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