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: Energy

"Noront Resources Inc., which recently purchased Cliffs Natural Resources' assets in the Ring of Fire. Cliffs had planned to build a ferrochrome processing plant near Capreol to mine chromite from the Ring."
Further on...
"If and when a ferrochrome smelter is created in Capreol,"

This Carol Mulligan seems to make an assumption that Noront buying Cliffs's assets is likely to take on it's plans. That is a wrong presumption to make at this point in time.
I think Noront will not make that decision before the nickel mine is at least partly built.
Jmho.

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