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: Noront Resources Announces Private Placement of Flow-Through Shares
Amount lower than planned, took more time to fill the PP than expected even at the lower amount, price kept as set. Conclusion: NOT is close to mothballing if the Canadian governmental bodies do not act really soon. Issue: Salaries and general expenses. It is close to perfection for a Chinese take-over. Latest rumours from Toronto is a price range at This stage for in between 2.40 to 2.80, deposit based and with a solution for infra investement at buyers hand. Probably not too long before it is a done deal, the actual status of the private placement being a rather weak signal as far as delay and lower amount are concerned. It's really the last Bell, RCF running out of patience as well.
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