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: I've been looking for a bounce

  To buy more implies one has cash on the sidelines. Many retail buyers of NOT bought in at higher levels and were/are fully invested. For those in that situation, present prices are brutal indeed.

 That said, I'm not fully surprised. Many investors start adjusting their portfolios around this time for tax purposes. On top of that, shorters know this and are probably taking full advantage of the situation. Add the fact that exploration plays are news driven, and news has been lacking from DE.

 What news we have received from Windfall, we have simply not benefited from. Yes,,,,brutal indeed.

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