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: No chrome with my nickel please...-addendum

hmmm not bad geoprof. I believe from my calcs that DE1 is between 5.5 and 6 Mt (depending on some assumptions) and US$730/t. Given 10% of GMV our share price for DE only should between $4.00 and $4.38.

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