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: What John Harvey said

What John Harvey said

posted on Jan 17, 2008 07:34AM

and I'm paraphrasing, not directly quoting from the executive address.

It seems to me, especially given the overall market conditions, what Mr. Harvey said could prove in the future to be very shrewd.

Although it was not an upbeat "Barnburner" kind of address, it may accomplish a couple of things. I think it may separate the wheat from the chaff, so to speak.

By his saying the price is likely to hover in this range for the next couple of months, it basically is telling the short-sellers "Move on, nothing to see here".

Conversely, it tells the long-term investment types that although there is a possibility of us toughing it out through a couple of months in the doldrums, things are progressing according to plan.

Hopefully, if the short-sellers move on, and the opportunists move on, if for some reason there were news to propel NOT higher, it should do that handily, unencumbered by the previously mentioned types.

I would welcome any feedback on this, or further conjecture. I just happen to belive we are in competent hands here with the management team and their plan of attack.

GLTAL

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