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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Happy -

I may be missing something, but I thought that the windfall operation was only to get limited samples. Then if the results warrant, the company would either apply to begin mining it themselves or find a mining company to either mine it for them or contract out the mining operations.

If this were the case, it may take a bit longer to get these things organized to the point where the company is producing.

If I am wrong in this please let me know.

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