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: Consider what 'Major' has to consider

There is a force at play here that may put a major "into the picture" more quickly than might otherwise occur. Our major shareholder PNP has a serious financial dilemma with its stock at $1.80. If it cannot get it well back above $2.00 , which is a daunting task given their portfolio and the existing market conditions, they will be forced at some point to sell a plum to raise cash. They do not have much that is plum other than NOT, but reality is the business model as an investment fund of sorts is pooched at $1.80. I see the VP Investments just bailed. A transaction involving NOT shares could only bring fair value at a much higher price for NOT than today's close. The pressure is certainly there, so PNP has a major stake in getting NOT's price up substantially whether they sell or not. I expect to see some fireworks from PNP's end soon, as most long term followers have lost so much money on them, they are not going back. And other than Sprott, PNP has little appeal as a takeover target since it has few strategic holdings and the market has dumped on most of them.

Again, RN's brilliance in financing early is deserving of one more slap on the back.

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