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: Ok, here is what I've heard from....

Ok, here is what I've heard from....

posted on May 13, 2008 08:01AM

R.N.. We talked on the phone yesterday and I p.m.'d a party or two to tell them what I'd heard. Given that this board is a little cranky I thought I'd release to all.

I asked R.N. if we had all of the results from SGS. He said that he didn't know and that I was asking the wrong person. I asked if he would release all of the assays in a batch and he said no, they would release them as they get them and that they would not hold them back. (There is a lot of processing of information and if you look at any given assay release you'll note how complicated it is to report on a small batch, so imagine all that they have to do now). I asked how the new lab is going and he believes they are likely on target and he thinks equipment is there and being organized. He seemed very please about this prospect. I commented on how we seem to be drilling at twice the speed of DE1 and he chimed right in on that. He said that he was amazed at how fast this company is growing and that everything is moving so quickly. (He would feel as such compared to us, knowing all of the goodies we have yet to be informed of.) He made one more comment which I don't feel comfortable commenting on in this environment. It was vague, simple but a promising statement on the nature of the company. Nothing at all specific but, to me, telling. I finally asked him if he was still enthusiastic about our prospects and he said this is going to be a great play. There is nothing really new here, but it serves as a reminder as to the general office tenor.

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