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: From Stockwatch's cynical side...
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"Mohammad Al Zaibak has made a rival bid of $23-million"

But I understand Noront raised to 25.2+ million to remain best.

Question is whether the new offers are to be accepted because they are after the fact of acceptance by Cliffs of the sale.

Judge may side with creditors and thus accept the higher offer, still Noront's.

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