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: A little confusion.

Great DD JD. I am also having a difficult time rationalizing (as a non geo but old R&D guy) the two figures in the FNC NR. One is RAW data, other is Prelim interpretation. So looking at someone's interpretations, what did he give us. Lots of red dots (EM anomalies)-good-but they are not consistent with the RAW data plot; what are those dots in the blue spaces well removed from mag bumps ? Also the conductor lines---drawn thru selected dots but ignoring other ones ! And now to that TME map on its web site showing the 3 drill holes your referred to: DDH-1 and sizeable conductor line (NE/SW) is closish to the key big mag bump, DDH-2 is almost on top of the red dot in the FNC plot and DDH-3 and very long conductor line in in the middle of lengthy NE/SW mag bump. I would be happy if you can explain some of these apparent inconsistencies or maybe I'm just trying to hard to make sense of much too complex data. Finally, I was annoyed that FNC is now calling these plots "Eagle One Project" whereas in the past they were labelled "McFaulds Lake Area". RN must have called him on that one !!!

Despite all this by the way, I added FNC to my holdings on Friday (got the low $2.52 so was lucky there)

Heading to AZ for a couple of months tomorrow so will be wifi'g from the desert. Good luck in the us NOT long guys.

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