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: Accelertated Expiry of Warrants

Volumes in deed. To me it hints that Richard may very well think the SP will be in the 6+ range within about 4 months.

I like the PP. $ in the bank, drilling will accelerate (perhaps another 1 or 2 new drills),Windfall and McFaulds are continuing to prove out and NOT needs to be stable and ready ... with $. Good move Richard.

Just MHO

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