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: "True Colours"

Do not take this as a criticism of your view, and I can well understand how retail investors come to feel paranoia about the unspoken motivations of even the best managements. And I think everyone should read these posts and follow the thread so to speak.

However, I would like to shed some light from a different angle in the hopes it helps some posters feel more positive toward management(Anyone who does not should consider selling). Here is that light: Management's primary obligtion is to operate the business and the company for the maximum benefit of total valuation, that is all shareholders. That means that fragmentary data is often held back and/or accumulated because it is not in your interest as ANY shareholder to piece it out. For example, during key negotiations with strategic partners, for example only, where any one is operating under a Confidentiality Agreement, an enormous burden can be put on negotiations by dribbling out data. That is because data by NR is assumed to be Material , otherwise, it most often should be accumulated. It is a sign of weakness for frequent NR's to be used as an SP prop. Management may not want to be seen pumping stock during such periods.

Management is not there to hold our hands, although I must say this Management has demonstrated great sensitivity in shareholder relations.Hope this broader view helps us with a more positive view.

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