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: Confusion!

The biggest confusion I see coming is that unlike Voisey's in The Big Score, the Ring of Fire comprises only NOT, but a multitude of other area players. Diamond Feilds staked the whole area around the initially discovery prior to the big rush of area players. THey had it covered, hence the big score.

When this area proves out, whoever buys this will want the whole area which includes many junior companies. This will prove to be a hard thing to sort out. It is quite possible this is what is contributing to the present lack of news. They need to consolidate, and this is what appears to be happening to some extent with some of the recent news. It will be interesting to see what happens when a major shows interest.

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