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: Re: OT: The Big Score-jRobert Friedland -QUESTION?

I think your question is very fair. As I get to know Mr. Friedland more I will make a more informed descision. However at this point, I do not think having Mr. Richard Nemis at the helm hurts at all vis a vis negotiation. From what I have seen, it seems he held up very well negotiating the latest PP. You have to remember that although Friedland negotiated himself (from what I know at this point), he played dirty and created a bidding war. I do not think that Richard would set this up the same way but the outcome may be the same ie a bidding war. As well, Mr Nemis has some strong consultants on his side, IBK and possibly JPM ( I have not seen enough from them to decide who's interest they are working for) so I do not think it will hurt us to have him at the helm. He respects shareholders more than any CEO I have seen and wants the best for all of us. The final chapter of this deal will be the buyout price tag and he will want to write the final chapter as good as the rest of the story.

Glorieux

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