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.)

The Strike is Important to the entire Mining Industry in Canada and to some notable extent to the Industry in general due to the Positions taken. Focus on reduction in Corporate Responsibility to the Public as is occuring EVERYWHERE these days, is an over-arching theme. Thus, this Strike along with the Short Term Effect on Nickel Prices is of Significance to anyone investing in Minerals Mining and Processing, if not to the general public.

With that said, however, we do not need to be kept up to nitty gritty date on every twist and turn, both reported in the Public Media, and otherwise. Thus from this point onward to the Eventual Resolution it would be good to learn of the Impact(s), REAL and Potential, for the Industry. Such matters would be relevant to us in general and thoughts on the manner of the proposed Contract may(?) give us some ideas on what to expect from Majors looking to "Take a Go" at Partnering with Noront Resources if NOT eventually seeking to do a Full Buy Out. The Discipline and Management of tTactics brought to the Strike (from both sides) in it's self should give us indication(s) of the Mode of Operandi to expect from the Major International Miners come time for any of them to make the Run at Us.

Expect them (any Major International Miner) to seek out favour but be much more Disciplined on their Offer(s) and Bidding when looking to take on the RoF.

Old Joe

PS: It likely will not be as poor an example shown by the Dissidants in the Proxy Event. Though the aftermath may be comparable. So, be prepared

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Old Joe
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Noront Resources
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