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: The pros are saying/ Dont sell if you havent already

Frankly when Noront fell below $2 a share the exit point disappeared, imho. Some disappointing exploration OK but nowhere near enough taken off the table for this kind of share price.

The 'preliminary' study on E1 and numbers expressed will continue to improve once commodity price pressure eases and certainly as additional resources are found and added into the equation.

Sooner or later bargains will disappear from the market and smoke clear.

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