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.)
in response to geoprof's message

Interesting numbers.......Cash and cash equiv = $5.0M..........

geprof.....please note that cash and cash equivalents of $5.066 were

at fiscal year ended April 30,2012.Noront in subsequent PP got, on May12/12

$10 million from RCF and $ 1,33 million from BaoSteel for a total $ 11.33 million.

Money from Bao was to let them maintain their ownership percentage.

Unless they spend it all in last three months they SHOULDN'T need to go to market.

GLTA,

Fossil

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Fossil
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