Noront Resources

CW; I know we have discussed the idea of a rights offering by PM, and I agree that "IF" we have to do a PP, it should be a rights offering. I qualify that "IF" with reservations. We had better hope that we don't have to do any PP in the near term. When that "IF" becomes a maybe or even a probable, we better hope that we have hit a big hole and the market is on a definate upswing. To even think of a PP at this time would be ludicrous. We are, along with most of the mineral exploration market, in a survival mode at this time. While I agree that NOT is probably the pick of the litter, I wouldn't want to be trying to go to the market for a bit yet. Hell, most of us are having to stroll the hiways looking for cans, in order not to have to sell what we have, let alone take part in a rights offering.

This will change though, my friend, and hopefully soon.

Regards

K