Let's think about this for a moment.

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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Babjak1

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Let's think about this for a moment.

posted on May 22, 2015 09:47AM

Picture you are Dave Thomas from RCF ..for a few moments...

- At any time you can convert the 15 million dollar bridge loan into Noront shares at a price of 45 cents. This would give you a total count of approx 1/3 of the company.

-You wanted to gain the Cliffs Rof claims....but realized that by raising 25 million dollars you would create huge dilution for YOURSELF and for your buddies invested...and the others.

So..you borrowed from Franco Nevada....who previously was a Noront investor @ $4.00 per share back in 2008...It was a perfect deal ...this borrowing...you did not dilute the company...that you own a big chunk of.

So now ...you are looking for twice that money....Why on earth would you raise twice the amount with common share financing...which would be horrific dilution ...when you can borrow.....again...

But who to borrow from....

CPP is perfect...CPP requires ALL working folks over the age of 18 (with the exception of Quebec--who have their own pension plan ) ..to invest. There is no choice.

But...if you borrow...from CPP...you need to file in ALL provinces with the exception of Quebec..All provinces need your interim financial statements, material reports...ALL stuff.

So...we have the Multi instrument stuff...NOtice all provinces but Quebec...

So back to ....pretend you are from RCF...

You have a choice to sell 50 million bucks worth of shares and stab yourself in the stomach... along with your rich buddies(you didn't do it for 25 million)......

or....you can borrow most of it from CPP much like Rubicon did.

What would you do??

The beautiful part about the CPP borrowing is ...it puts a fire in the pants of the FED gov't to MOVE>>>>>>>>>>>>>

otherwise.....Noront can't pay back the loan and all working folks in CANADA 18 years old and over (with the exception of Quebec)....will be pissed at the loss. All these working folks will technically have skin the the ROF. An excellent endorsement of the company.

I'm not saying we can't get a news release with a small PP with SMALL dilution...but ask yourself this....What would RCF do if they needed 50 million.

Also....don't forget one other thing...Rob McEWEN , CEO of Rubicon and majority shareholder of Rubicon....was also invested in Noront in 2008 for $4.00 much like Franco.