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: Um

Well, no thoughts of you bashing from me... I know who you 'are'.

I think, however, your intrepreation is wrong. It does not follow that because the average grade values are lower in those particular southern holes that intercepted minerlization over failrly long widths, that the structure is narrowing. All that can be concluded is that we have lower average grades across greater widths. Non-sequitar my friend...

Hole 14 is east of hole 12, not south of it. The description of hole 14 taken from the October 30 NR is as follows:

"NOT-07-14 was positioned 20m east of hole NOT-07-12 and 13 with an initial easterly azimuth of 104 degrees with an initial dip set at -45 degrees to overcut hole #12. After 46m of granodiorite, NOT-07-14 intercepted peridotite with weak sulphide mineralization from 46 to 53 meters. From 53 meters to 56.4 meters, massive sulphides were intersected. From 56.4 to 80 meters, net-textured peridotite with strong sulphide mineralization was encountered. To 103m, moderately mineralized peridotite consisting of disseminated
sulphides was intersected. Weakly mineralized peridotite was then intersected until 188m. The hole ended in granodiorite at 197m."

Like I said, NOT managment said themsleves somewhere recently that the structure is widening to the south...

Regards,

B.

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