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: be careful what you wish for

I personally would prefer we get a Royalty Arrangement as eventually happened with Voisy's Bay and INCO. That way I (we) will NOT be subject to political or international corporate risk and at the same time will NOT get hit with a huge Capital Gains Tax hit up front.

With the Royalty option the Taxes kick in only what there is a very good, healthy income stream coming from the property for which the Royalty Sale is in regard to. Thus a new kind of buyout model referring to Voisy's Bay and INCO. The fast money types can sell out theis shares before the deal is done and pay all the taxes up front BUT NOT this Long Term Investor!

Old Joe

PS: What one would have thought many or most would have already understood. 

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