Addendum to last post

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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Milsy1

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Addendum to last post

posted on Mar 28, 2008 07:43PM

Maybe I am completely wrong.

Richard does not release any additional news by design in hopes that the share price drifts to around $5.00 or below. Result, warrant holders do not exercise and thus the warrants expire. (by warrants not being exercised there is somewhat less dilution of shares)

The rationale for Richard going this route is this: He is not inclined to dilute the shares via a $5.00 warrant when he knows that he can dilute much less, soon enough at a much higher share price.

Food for thought everyone.

Cheers,

Milsy1

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