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: Why is it so hard to think that this will go to $100

Rundle,

Your way of seeing it as 2500% is very logical and scares the hell out of most investors because all they see is snake oil. I did not look at ROI, I looked at size of current deposit, grade, potential for increased tonnage and then worked backwards to get the $100 SP. Most of us are not used to dealing with these kind of plays as PM has mentionned but everything I said is logical and potentially true.

My position will get complicated somewhat when I get to a magic number lower than 100$. I do not want to state what the number is but it is significantly lower. If the price reaches my magic number, I will be looking at 7 figures in my RRSP portfolio and at that moment will have to seriously look at selling. I am fairly young, have a good income and if I just leave that money to grow at 7%, I will retire very well at a fairly young age. So that is when my hard questions will come about. Until then, I see way too much potential to sell anything.

Glorieux

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