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: Re: Coutts threat...... About time!

Old news. Coutts backed off this statement shortly there after.

"The president of Noront Resources is adamant that market demand for metals will keep his company committed to the Ring of Fire despite a lack of progress in the resource-rich region.

Alan Coutts said while it's true that the market for chromite is down, there are plenty of other metals in the area that are desirable, which makes the project worthwhile.

"At Noront, we think this is a great area to be working in, and we intend to persevere," Coutts told CBC News. "

http://www.cbc.ca/news/canada/thunder-bay/noront-resources-ring-of-fire-1.3307268

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