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: What is in store for us NOT holders.

I am sure RN knew of the 'takeover' attempt well before us and he and Mac, being friends, have some plans to avert such a take over. Joining forces could be in their thinking. I asked Mac two weeks ago if they had a 'poison pill' or 'shareholder's rights' plan in place. He said that they didn't because they were not very effective in most cases. I don't know if an amalgamation of the two companies has to be voted upon by the shareholders or not. It would sure dilute the shares and keep Rousseau away.Shaquille

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