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: Awful lot of excuses today

Awful lot of excuses today

posted on May 27, 2008 10:36AM

Sometimes you just don't get what you expected. And sometimes the market doesn't get what it expected. Simple as that. I doubt there was any more manipulation today than most days, whatever that amount is. But whatever it is, investors need to accept it as a risk/aggravation factor, cuz it likely isn't changing anytime soon.

There were a ton of words before the assay results were actually listed, that was a quick indication to the layman. Of course, when I saw the universal praise for the NR prior to the resumption of trading, I feared the worst (that is so typical on resource message boards). Well, the worst didn't happen, we got hit, but not anywhere near a fatal wound.

I looked at the first release as saying, "We've got potential (problem is, the market already knew that), and we have evidence that our geological model is correct (speculation, already knew the play was speculative), and as soon as we know more, we'll let you know (back where we were, and we all know how that goes)."

What we wanted, and apparently what the market expected, were assay results which would be considered excellent, albeit not necessarily to the level of E1.

I'm not able to make the statements some have about how much brighter our future looks based on this release, but hope that's the case.

By the way, NOT remains a speculative investment and not a sure thing. And, we need to put some air back into the balloon.

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