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: Re: One more thing
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May 16, 2008 12:04PM
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May 16, 2008 12:27PM
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May 16, 2008 12:32PM
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May 16, 2008 12:41PM
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May 16, 2008 01:55PM
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May 17, 2008 06:08AM
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May 17, 2008 06:53AM

I have to disagree with your second paragraph. There is a lot of hindsight used there. When the SP hit 7.50 I did a good analysis of my position. I agree the SP at 7.50 was unsustainable short term.

I had a large gain already to deal with from spider, which meant a good sized donation to the tax man. To sell NOT at that point meant I would have to set aside 34% of it for taxes or 2.50 per share. This meant I would only retain 5.00 of it to buy back in later. Using hindsight I would have been alright as the SP went a lot lower than 5.00, but who could predict it then. I agree that the gain would have been there as my average cost would have risen for later sales, but my analysis at the time said I would be holding fewer shares at the end of the day. I don't think anyone thought at the time that the SP was going to take another dive.

Regards

K

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May 17, 2008 11:26AM
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May 17, 2008 11:39AM
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May 17, 2008 03:11PM
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