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.)

Highlight of the AGM were Richards comments and the presentation By Prof Mungall.

Pleading the fifth all through the questions leads me to suppose the following.

A deal for Windfall is probably already done conditonal upon completion of the ramp with assay results factored into final pricing. I don't think we will ever see assays but have to rely on management to make the best deal possible. Let's face it, McFaulds is eating up a lot of energy.

With regards to the compromise, I suspect that there were demands made that are detrimental to the Agoracom/Noront relationship.(I hope that's NOT the case). Secondly we can be assured that reimbursement for expenses related to the dissident Proxy //vote is a done deal.

That's business.



Greg











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