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: Here is what Richard said this morning

Here is what Richard said this morning

posted on Dec 11, 2007 05:27AM

On the China project-  Still negotiating with the Chinese government and it is taking longer than he expected.  Be patient

Burnt Hill- They have drilled 10 holes already.  He is hoping they will start mining the stuff in the spring.

Windfall- They are blasting and going underground on Jan. 8th

Double Eagle-  The airborne surveying is still continuing every 100 meters and the are they are doing is 40-60 km long.  They are going to have a phase 2 and phase 3.  Phase 1 is done is waiting for the results and should announce something this week.

I asked about the land position. Richard said we have more land staked than all of them put together. He said we have thousands of claims.  He mentioned these anomalies come in pods and he wants to find more of them.

I asked about lenght of holes and he said the deepest we found something is 220 meters which is a good thing.

I asked about tonnage and he said he knows but cannot say how much.  So I said what about the 7million IBK mentioned and he said we can use that number. But the did say that there are people out there building models and they know where we're at.  I wonder if he is talking about our group here??

He said that this anomally we have is 2km long but he wants to find more.  He is doing about 6 joint ventures to find these pods as he called them.

I asked about the majors and he said they're still interested and waiting.

He wants to issue news release this week but could not say when.  I believe he is still waiting fot he assays and the airborne survey phase 1.

Richard said he wants to clean everyhting up before Christmas. The office will be closong on the 22nd and then reopen on Jan 4th.

He mentioned that the drills will start again at DE on the 15th.

I asked him if the comment he made about 2 weeks ago still stands about There is No Bad News and he said yes. I also asked him what he ment when he spoke to another shareholder about giving a wonderfull Christams to all shareholders and he said he never said that.  He said people interpret things differently... then he said I was trying to say I want to get all this news out to our shareholders before Christmas.

There you have it.  We also talked about being patient and he agreed.   There are many things they are working on and I believe they're all good.  I know we all want this things to happen now but that's not how great companies get built.

You all know I've been holding this stock for over 10 years but it's going to pay off for me .  So hang in there and GLTA. Tcp

 

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