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: Just spoke to Richard

It is exactly this type of thing the big PP purchasers are/have been doing I would guess. These individuals do this as an intrigal part of standard operating procedure. They are major/key suppliers of cash to all junior explorers and do/need to do this kind of activity to protect their investment and maintain sufficient control or at least sufficient influence as to reap the maximum benefit (profit/capital gain/return on investment). Good Juniours know this all too well and live/have to live with it. At the same time these Juniours (or at least many of them) like independance and often get much of this. There is a mutual benifit most of the time but Juniours also inhabit the human domain as to the suppliers of their operating cash. Each has some respect and trust of the other but each strives to be the one in charge. We are, with no real surprise on my part, experiencing all this kind of interaction with our sensational Noront Resources and all the other luckey area plays as well. As a small time Retail investor type I get to watch and hope I will also reap the maximum benefit. These VC's and Juniours need to each do their best as it relates to both their reputation and ability to continue the process into their respective futures.

If this all works out with due ethics in mind, we all, in this case, should do very well for our respective selves.

If it means a little more time, then, SO BE IT!

Old Joe

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