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: 20 kms of dreams!
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Sep 01, 2008 01:29PM
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Sep 01, 2008 02:28PM

What makes you think that mineralization starts at AT11 and ends at AT12 for ONLY 20km. Many companies are much further from there, around the Ring of Fire and they are generating good drilling targets, some like MTX/WSR have hit mineralization something like 42km away. AT11 so far has not been declared a proven anomaly either at this point. AT3 was a dissapointment between these 2 targets.

So until the drill speaks, we do have lots of blue sky but we do also have real results. I believe we will change the Chromium market by being able to produce it in higher concentration as raw ore at a cheaper price than anyone on the planet. That is REAL stuff. The high grade nickel is real stuff as well that will only be valued once infrastructure is justified. I believe that is a fait accomplie because of the Chromium. So although we have kms+++ of great prospective land, we also have solid assets that removes most of the risks at this point. However, these risks still exist. Feel free to add to my list:

Running out of money and not being able to raise more or get substantial Aur from Windfall.

World economy goes South++ and the need for our assets decreases dramatically.

Not enough resources discovered in RoF to justify infrastructure and Government levels do not want to help out.

The natives get restless

I am drawing a blank after this but I am positive more risk exist and should be listed and analysed objectively for everyone's benefit.

Cheers,

Glorieux

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Sep 01, 2008 03:58PM
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Sep 01, 2008 04:09PM
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Sep 01, 2008 04:42PM
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