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 Provides Update On Exploration Activity and Recent Court Decisi
The discussion you are referring to was the Mattawa FN objecting to being outbid by Noront for Cliffs assests. It was not all FN's in the area. In fact the other FN's in the area were cut out of the deal. A lot of warer has passed under the bridge since then.

Although there is not a formal detail yet there are lots of signs that it is going to happen. My read is that it will be a combination of infastructure corridor investment that meets most of the area's FNs access needs, revenue sharing of government taxation/royalty payments, employment etc and it wouldn't suprise me to see a tariff payable to FN for right of access across traditional lands by a rail line (to pay off Mattawa FN).

Not being an insider all I can do is guess what is going on from the hints we receive from the various players. So any of us could be right as to what may happen it is my opinion that the pick up in volume over the past couple of months is pointing to a done deal. As with anything to do with NOT I've been wrong before.

... Been There
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