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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He was obviously very nervous for that presentation but I cannot believe a guy of his position would say something like that without some reason. As for what happens to SP once we prove 70 and 700 M tonnes of ore...I like the adding zero's to our share price. It is a good way to ball park it. Of course this assumes the grades hold up. That would be 400$ per share if we hit 700M tonnes...

700Mtx800$per tonne is 560B in the ground, 10% valuation is 56B$ is roughly 100x our current valuation at 500M so 4$ shares would then be $400!!

Glorieux

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