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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A&A, it is reasonable to assume what you have suggested:

If the warrants are not exercised that mean the so called "pros" expect a flat/decline in share price over the next few mos.

Having said that A&A, do not discount the possibility that the so called "pros" are not privy to what the ultimate strategies of Mr. Nemis et al are and maybe more importantly what the assays and drills have yet to tell us over the next couple of months. (Before the June 7/08 PP hold period is lifted)

GLTA

Cheers,

Milsy1

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