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: pivotal support at $3.40

I'm hoping as well this continues through the afternoon Polylabel. So far the volume appears average, but respectfully disagree in that the volume appears insufficient thus far to indicate a bearish reversal.

For the past few months, the greater portion of our volume has supported a negative trend. There are a number of parties who have sold all or a portion, or are short shares, who are waiting to find the bottom before resuming a longer term hold/cover.

When professional interest believes we are getting legs the volume will reflect this (over time or through spikes on the upticks). Until than, I believe the volume shows that a lot of shares that were sold are still sold, and a lot of shares that are short are still short.

We've all seen the games that MM play, maintaining ration right now may very well save a lot of people from acting impulsively (it is human nature to buy into the top of a rally).

MHO

Cheers

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