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: Whether to be diversified, or bet all on NOT?
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Diversified is a big word, particularly with Noront and James bay in general.

I have never had more than 10% of my portfolio in one place at any time in 20 years of investing until this summer. With noront and other area plays I soon found myself putting up closer to 20% in this baby. The trouble is that when NOT went to 7.00 I found myself with closer to 60% in this one area, without adding additional funds. I have broken all my rules with James Bay/ windfall by leaving everything in. Every time I have sold something here, the cash has gone back into something in the area. There is simply nothing in the market that has more upside to offer. At todays shareprice I still have very close to 50% in this thing and am quite comfortable doing so.

K

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