HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: **Several Messages Deleted - Important Note To All Members**

Glad I read backward today since it was NOT at all difficult to see how the weekend was likely to go. Guessing Monday must have been a LOLO with no fresh news.

I will be tight on topic in a moment but first I was going to make an observation on the Kaiser stuff. And this does pertain to this Double Eagle event in comparison to Diamondfields and Voisy's Bay. Back then he was getting updates on the all and all as helicopters landed to refuel etc., as it gave anyone involved there the chance to get to a phone and call out on what they just flew (electromags etc.). It wasd a real carnival then (and my lasting impression was that he was a king spemmer - I had to close my then current Email account there was so much - better controls nowdays).

By now it is very clear to me that NOT has the information flow well under control (no more August/Septembet on this one) and will/should do whatever it takes to keep it that way. This has to do with respect for the industry and the important players involved in the market. It took the best part of a decade to revive these and who wants to be taged with its demise once again.

In general, all the other companies in the area play's must be all cashed up by now and the collective effort described concerning the reevaluation (aerial electromags etc.) of the data is well under way. Winter Drill program plans are also likely well underway too. The only part that none of these companies can have much influence over at the moment is the timeline with respect to return of assay results. The Labs are clogged and very much backed up. Add to that the idea that very good assay results will want to be double checked by both NOT and the Labs and we have much longer turnaround times than would otherwise be expected.  

Otherwise, with the additional holes drilled to date, once the #7 results are ready to be released there should be Visuals for all the other holes up to #16-17 or 18 contained in the #7 assay news release. The question that everyone needs to ask and anticipate is NOT the results of #7 (if they are only good or better than just good) but what will/do the Visuals on all the remaining holes mean (Mineralization and Step out distances for each hole...).

Will there be a slow up trend??? Where will the next pause occur???

I do NOT like predictions but where ever the next pause (trading range) happens to be, it will likely, IMO, be the general range heading into December and maybe into Xmass.

Thoughts and comments are most very welcome

PS: Sorry, but I will NOT bother read Friday evening-Tuesday pre 5:27AM posts, so if there is something important in there you feel I should know, then let me know.  I do know of FWR having the cores on display.

Old Joe

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