Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Noront Resources

almost 16 years ago

will be changing dramatically in the next few weeks. I think it was Glorieux that phoned the office and the secretary said we can expect news soon and it would be significant. We know Windfall news can be any day but if I were afraid of a takeover of the company I would also try to negotiate with a major (not Kinross!!) for a % of the company. Let's do the business NOW rather than take a chance that someone else would do it IF they got control. Having said that, I always thought they would have offered a 10 -20% buy in of our company by a major. They would receive the rights to purchase 50% of the ore for ten or twenty years and we would have retained their voting rights. This is basically what Diamond Fields did in "The Big Score". Who knows, maybe a deal like that has already been agreed to in principle and just needs to be signed on the dotted lines. Shaquille