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: Legal decision

Goodheart:
'Noront can build their road but can not infringe on KWG rail site or aggregate deposits.'
You have it wrong, it is not Noront's road. Noront's road is the E/W route.
What you are thinking of is what Noront inherited from Cliffs. Cliffs' road was only a last measure when they could not get the right to biuld a railway from KWG.

In my opinion all Noront wants on this aspect is to get it behind them and get into cooperative discussions with KWG about sharing a future railway BUT first is to get the E/W route into being.

The E/W route incorporates easier and probably less costly construction and quite probably serving more FN comminities. Hence a greater number of FN to go for it. After all it is the approval from the natives that will make this to happen, else all hell breaks loose.
Ed.

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