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: upcoming Noront meetings
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firstgoldman88 wrote

Ahead 12 and forum,

My apologies, yes warrants are excersizable at $5, not 6.

I just got back from 15+ hours driving home from Vancouver late, late last night. I am lacking a bit of sleep. :)

Just my point was that the warrant holders are most likely doing an onsite inspection, because the lab results have been delayed. I do not think that they nor the warrant holders thought it would still be trading this low.

They may be deciding on whether or not to excersize the warrants. Especially because the current SP is very near the warrant price.

The warrants are excersizable on the 10th. If the warrant guys think they can buy that many shares cheaper on the open market than obviously they will. If the lab results are positive and they come out soon ( this week) than there is no chance they will be able to accumulate that large of a position at less than $5.

I have a suspicion they will still will excersize, the lab results should be out very soon. NOT Management is just reasuring them that all is good.

Guess we will see in the next few days.

Hi Goldman888

Thanks for the reply, no worries on the mistake.

Also, I was kidding on the "magic" warrants and wasnt ttrying to be disrespectful, just having some fun.

I was actually a little confused at first

This is a great board and I really enjoy the posts here

regards

ahead12

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