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: Trading vs Long hold considerations

You are right we do not know if knowing is a 43-101. All we have is educated guesses. This is where entrepreneurialism (well said Canseco) separates the boys from the men. Some of us will see what we have to date and see opportunities. Others will wait and see how this plays out. As risk is retired, they will decide to jump in and this will add to increasing share price.

Glorieux

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