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: On the bright side ...

Franz ...

Everyone wants assays on a silver platter, I guess. Forget the visuals; forget the really decent Ni-Cu data; forget the nice technical data; forget the intelligent strategic approach to drilling; forget the development of a really exciting geographic RFI model.

I think today's NRs are the proverbial tip of the ROF iceberg. More NOT NRs to come. And watch out for the upcoming SPQ-FWR NR coming to a station near you. More good news for NOT JVs.

Snug

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