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: Hard to handle
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Seems good news of late has no lasting effect on increasing or even holding up the stock price of NOT. The assay results of hole 18 are very good but since this was expected the effect on the stock was muted. Hole 27 will also be good because it was drilled @ hole 5 location and will probably not help the stock price either.

I still have a significant position in this company but will not buy back more stock until drilling proves up significant additional ore tonnage with good assays. If this happens ,I and I'm sure many others will buy big. Talking up the stock at this stage of exploration will not help the stock price; only a big increase in the mineable reserves will do the trick.

bb51

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