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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my thoughts

Noront Resources

almost 15 years ago

disclosure I own fwr not spq kwg and uc

I bought Not at 5.70 and fwr at 31, if anyone told me then that i could have 4 shares of fwr for every not i would have jumped on it bigtime.

I have been involved in many negotiations and many mediations, your going in offer is always what you think you can offer without totally pissing the other side off. They did a good job on the offer and I suspect there is room to negotiate.

Cliffs is already in and will have to respond, I think that NOT has someone in their corner, maybe those guys they met in South Africa looking at those new smelters sitting idle. There is talk of bringing them to canada for the ROF chromite.

Its going to heat up and as a result we are all winners, the FWR holders, the NOT holders and those that have both. Relax and enjoy the game, both your favorite teams are playing and you have nothing to lose.

Regards

Storm