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: Burn Rate Concerns
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Never forget the preferred shares route. Always an option when shares are undervalued.

100M dollars @ 8% convertible to stock at a certain price is an option.

With the new CFO on board, I am sure they will keep this from washing out too badly. They have a rep to protect with Bay Street after last year's marketing pitch and $4 - $5 PP.

M1.

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