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.)

Considering all the activity in the RoF at this time and the FWR offer from NOT, it seems that the time has arrived for all the sp's to soar....just what we have been waiting for.

Consider these things that should occur in October:

UC will be drilling.

Tribute will be drilling.

I thought I read that MacDonald will be drilling.

NOT continues to drill.

NOT will have results out before the AGM Oct 15.

FNC has just raised some $$$...apparently Smith wants to drill a little deeper at C1.

FWR still has assay results at the lab from previous drilling.

Of course FWR will be responding to the NOT offer.

We speculate that Cliffs did not just buy parts of KWG/FWR etc and make plans for a RR and Smelter just to allow NOT to buy up the chrome....unless of course they have a deal in the works for NOT/FWR.

I have a hard time believing that xstrata is not interested in the chrome and the nickel. Perhaps this offer will finally flush them out of the weeds. But they are focused on larger targets at the moment.

There is likely lots of other activity that I have not listed.

To the extent that high water floats all boats it appears that we are about to have a flood.....so I am going back outside to finish buiding by boat.

As Herb would say....God bless everyone....and enjoy the ride.

SN

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