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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I think that many of us that are watching the price day to day are feeling a bit regetful about our investment timing decisions in purchasing NOT and others, but still believe that they are great companies to be invested in. It is dificult to know that we could have bought in at a lot less than we did. (In my case over $6.00)

But if we are as long as we say, we will not be too unhappy if we are to at least double our money in 12 months, which we are likely to do with all of the information that will come out this summer and fall. It will look like a good investment then and the management will again be revered for getting us through all this.

I do believe that the information is probably being manipulated a bit and quite likely for good reasons which will benefit us all. This management team are very experienced in all aspects of this business and have a lot more up to date knowledge than we do.

We will have to sit back and trust our judgement that allowed us to pick good companies (probably the best if you consider the ratings they have received), and wait for the positive results to be announced.

It is not very likely that there will be any great changes to the sp until there are very positive drill results from more than one of these companies and that may take a couple of months.

Companies that are beginning to drill now will likely get a few holes done before the samples are sent in for assay and it will then take a few weeks to have them processed and recorded.

This timing may work well with market improvement and a return of buyers from holidays and get some excitement built in the ROF properties.

Until then we will just have to try to enjoy the summer.

s.

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