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: Thank you Hoov and Geoprof
Given that the ability to Cost Effectively Mill and Concentrate the already relatively high Grade Rock into very high relative Cr203 Concentrate would mean greater Value of Ore transported per load of Ore Shipped from the Mine Site. Thus, the Relatively LOW Transportation Cost. And all this contributes very well to the overall attractiveness of moving to Development sooner as opposed to later. The one single thing that we are still awaiting on in this regard is the elimination of any potential impurities locked in the Chemical composition of the Chromite. To date there has not been any negative news relating to any such impurities though the NR's seem to suggest there is so far no need to be concerned. When the next round of Assay Results are released it would be further reassuring if Comment on this final consideration could be addressed explicitly. With that having been clearly addressed, we could be very assured that all that remains is doing the Tonnage thing and moving onto Next Steps. Scoping Studies, fҠollowed by Feasibility and Funding (be it a Partnership or Independent Financing), Environmental and Mining Studies and subsequent Permitting, Infrastructure Planing and Site Planing and preparation, Equipment needs, etc.. Note that in the near future it should be possible to even start in on Specific Metallurgical studies and testing so as to allow interested purchasers to determine their ability to take on contracted Ore deliveries. And this in it's self would go a long way to raising the required Development Funding. Thus, though the assaying process is expected to be longer than even the Company desires, there are many other closely related aspects of the Discovery that they can and very apparently already are moving fast forward with respect to. Time is being very well spent. Progress is much greater than meets the public prying eye. Put it all together and that is a very good confidence booster for this NOT Investor. Old Joe
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