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: Is it true I am trying to find out

Sell windfall?

First they have to know that they have.

Do they have the tonnage that warrants a mine?

They have just gotten started on this investigation. There is a lot more to do before any talk of selling anything.

They need to sample the ore, they need to continue the ramp and the exploratory offshoots, and they need to create a public report of their findings.

They haven't even reached hole 100 yet for pete's sake!

I am a little disappointed that there is less emphasis on Windfall and a more clinical posture (less exuberant) can be detected in Noronts treatment of her, a shift from WE GOT GOLD to, DEPENDS ON SIZE whether .

On the other hand, this can be seen as good news, because the company feels they have fantastic value, way behond the old excitement of windfall, in the ROF.

IMO

BK

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