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: Blue Sky Value
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Glorieux,

I may be naive but I don't think there is a straight line relationship between the market cap of the two companies NOT and FNC. NOT has tangible assets that one can make reasonable assumptions on open pit/underground mining, core assays you can put known price values to and three anomolies drilled. FNC really doesn't have a tangible market cap and investors are willing to pay $2.35 a share for it. I know I bought it and I didn't really consider the number of shares outstanding. I'm sure I am not alone and therefore will stand by my view that NOT's blue sky value starts at $2.00.

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