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: Why don't we issue the PP to retail? Turn about is fairplay.
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The interesting thing is that when the proposal was put forth by RN. It was rejected in 10 minutes and Rosseau walked out. Info I gleaned from a conversation with the office.

If you start the fight, you should be prepared to negotiate. But apparently this is not Mr. Irwin's style.

My portfolio mgr in Toronto played golf with the other side this week. They believe that they have won. I sure hope not. I live in London and will be at the annual meeting.

I'm not a lawyer, but I suspect that if we lose we have legal recourse. However in the meantime they will rape us.

Silver



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