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: Wyloo

Thought it was pretty clear Wyloo had little interest or need for Noront leadership.  When they bought in earlier it appeared that they had not even talked to Noront Board and did their due diligence on their own.  Will this just end up being Cliffs 2.0 when they realize their are too many players and sell at a later date out of frustration.  They may buy the company but the myriad of obstacles in getting a mine started will not change simply because their's a new owner in town.  Don't think we'll see any other bidders for the same reason.  Any other company could have partrnered with Noront years ago or even bought out Cliffs but they see the quicksand that lies before them and didn't want to tie up good capital.  This won't move the needle unless Wyloo expects to fully fund the project.  Having provincial or federal monies comes with way too much interference.  

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