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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some thoughts

Noront Resources

about 15 years ago

does the term Deja Vu ring a bell? for all Longs we've been here before. Whats new, well we now have an additional mineable resource Vanadium. It's definitely not what the market wants to hear so we can expect a reaction. Does this news dramatically change the prospects for Noront , no, does it enhance it, yes, will the SP collapse, not likely but it will probably go down. No question this market is looking for Nickel, does Noront have it, yes but to what extent, we really wont know until we see the assays for 49-55. Once these are released we will know for sure the direction of the SP.

IMHO McFaulds will be a new mining camp, in one of the previous posts someone stated they had talked to RN and he commented that the new assays will triple the existing ore estimates. He's still close to the drillers, he knows whats being seen in the cores, thats good enough for me.

GLTA

Joe,