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: Kaiser and Coffin on NOT's chrome...

Hey Shakey,

No bashing here, you are reporting what some "experts" have said on this matter that highly concerns our company. thanks for sharing that info. That should force us all to relook at our DD and ask some hard questions at the AGM. From conversations with the office, the supply side right now can keep the world going for over 200 years worth. This is confirmed by top NOT management. The opportunity here for NOT is that our grades and tonnage are so high that we should be able to produce it cheaper than the rest of the world. If we can do this, then reserves from other countries will have no bearing as we will be able to compete very well on price IF the grade and tonnage is sufficient!

Cheers,

Glorieux

PS played any more golf "Steady"

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