Precisely flyby but..

The difference between NOT and the others that fell to Cliffs was a willinness to sell. As much as there has been a bunch of money made along the way, the instos in our case dicate when and if we subscribe. As much as their control has seemed a detriment, it might just be a blessing.

Again money has been made along the way but ultimately the instos dictate when the real coin will be made.

Until then...

Cheers,

Milsy1

IAMSUDBURY, kind of appropriate that you are responding to a post titled `and the other side of the coin`

From my perspective you are the other side of the coin. I am on the `positive`side of the coin (at times likely to my detriment) but, I can`t take your continued subtle bashes. I will give you credit for your persistence, you have done a yeomen`s job of worming your way in.

I don`t post here much on the forum anymore because I don`t have much to offer but there was a time when I like to think that I made meaningful contributions.

I`m gonna throw this out there:

If I am mistaken about your motives here, I apologize in advance because if I am wrong, I will no longer post here on this forum. (self imposed punishment)

IAMSUDBURY, I suspect that you have been invested in Noront for some time like myself and many other regulars here on the forum. During that time, we have all at some point communicated and or met others here. Whether that has been via company functions, golf tourneys, trade shows, private messages, etc, we all know each others M.O.

I have met and or communicated with the likes of (in no particular order):

d12, QQ_girl, glorieux, Canseco, Sum4All, Rosedale, Babjak1, From_Sudbury, DonnyParks, rapidrob, hoov, cwallace, Stratopod, crazydik, SnugTheJoiner, irish1111, djo, Warren, etc.

IAMSUDBURY, many of the above posters are privy to my character and intentions.

I am asking public disclosure on your behalf. Who on this forum (past or previous) can attest to your character and intentions.

Potentially silenced over here, or NOT.

Milsy1

Good afternoon Ingrid.

I beleive it was you with your digging DD that uncovered

a link with someone on our BoD and Dundee??

Am I correct?

Cheers,

Mike

Hello my friend Canseco!

In light of today's PA, I am happy to hear that you still have all your shares and then some. (Maybe one day I can be priviledged to be your driver - my credentials are outstanding :)

This release is both welcome and timely.

Welcome in that it does provide concrete evidence of what we all have believed for quite some time - WE ARE UNDERVALUED! A few posters have highlighted that other companies have also released positive PA's and their share prices continue to trade at a substantial discount to the NPV. I would offer that our situation is likely quite different in that we are a prime takeover target and as such, the NPV of 540MM (approx. $3.00 per share) is much more meaningful.

Timely. Sum stated it the best. "I suspect NOT is using shark repellent in shark waters." Especially in light of the rumors of which I believe to have some "teeth" that have been swirling.

So, we have a rudimentary valuation offered by the PA today. We should be valued at approximatley 3 bucks per share on Eagles Nest alone. Confirmation of what many of us here have painstaking believed for a very, very long time. Many have offered other factors that should at the end of the day be worth something - one would think. As much as they have been previously stated, I'm gonna do it again because it makes me feel good :)

- The NPV of 540MM is conservative. It is a fact that our average grade 43-101 has increased with the infill drilling. To what extent remains to be seen but it adds value.

- The deep drills are still turning and hopefully they are successful. In the likelihood that are, a little cream on top - potentially a lot. (For the record, I have heard that there are certain entities that are not a proponent of the deep drills and give them a low percentage lof success)

- As per the PA, the a break even nickel cut-off grade of 0.3 - 0.5% is utilized. Below are the results to date for Eagle 2 and AT12:

Eagle Two: 26 holes to date have been drilled with grades ranging between 0.3% and 0.7%

AT12: Averaging 0.5 - 0.8%

It would appear that both these deposits are now a little more meaningful.

- FANTOMAS posted the Blackbird valuation using SPQ's portion of the Big Daddy deposit as a benchmark - $.80 per share.

- JJJ Gold deposit??

- Thunderbird Vanadium deposit (A total of five holes (2,227 metres) tested this target, three of which intersected significant vanadium, titanium and iron mineralization defining an anomaly measuring more than one kilometre along strike.)

- Regoinal targets abound as per the August 18/10 N/R:

- initial focus will be directed towards multiple targets within two
kilometers of Eagle's Nest;
- regional exploration will dominate the next six months of activity
and utilize two drills;
- drill targets were defined by down-hole and surface geophysical
methods that map or identify favorable geology and mineralization
trends;
- the ground north of Eagle's Nest has been prioritized as it shows
strong potential for additional nickel, copper, platinum and
palladium mineralization;

- We still hold the largest land package in the JBL and that has to count for something.

--------------------------------------------------------------------------------------------------------------

The game is afoot.

The timely move from tier 2 to tier 1. Today's PA. Wes's presentation on Monday.

Starting to feel good about my investment again.

In light of the above, am I gonna say yes to 3 bucks? Rhetorical question - sorry.

Good luck to all!

Cheers,

Milsy1

Hey BJ, I might be speaking on behalf of others here but "we" would really like to know who the "we" are that you are referring to?

Excerpt from your post:

"We" are under the assumption that the nickel came up from below in a volcanic push.

Curious,

Milsy1

anyone saw the article in the Toronto Star yesterday about Goldcorp taking over Andean Resources Ltd. for $3.6 billion. Anytime I see a takeover announcement in the mining/exploration space, it perks my interest for obvious reasons.

I went to the Star home page to find the article and post the link here but was not able to find the Sept.4/10 article. However, a similar article did appear in the Star on Sept. 3/10 and I will post the link below.

I am a little perplexed with respect to this agreement in terms of the price that Goldcorp has offered and the in situ value of the Cerro Negro property. As per Andean Resources home page the property as of March 2010 has 3.1 million ounces of gold and 25 million ounces of silver. Using the current spot prices, the in situ value of this property is $4.36 billion.

So, in situ of $4.36Bn and Goldcorp has offered $3.6Bn. What am I missing over here?

Here is the link:

http://www.thestar.com/business/article/856495--goldcorp-swallows-andean-resources-in-3-6-billion-deal

What is the current in situ value of our Eagles Nest deposit?

Perplexed over here.

Cheers,

Milsy1