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 Vote and expectations.

I am also concerned that Rousseau had 40 % of the vote going into this, as we would need a huge turnout of retail to win this battle. How knows, with all the action around here,(Glorioux and volunteers) the press releases, etc we may prevail. One of Rosseau’s assumed partners, ( Sprott, Pinetree or more likely Pierrre Lassonde or Rob McEwen) may turn on Rosseau which would make a win for the retailers more likely.

Having said that whether we Win or lose, I recall reading or someone saying Richard made a comment that should Rousseau win this vote, he may have a PP and dilute the stock somewhat, however before Rousseau can ruin this company a White knight would step in and stop Rousseau. This makes perfect sense considering that there are likely several majors eyeing this property. One major will step up to the plate, take a 10% share, even though the resource is not totally proven a this time to a Major’s liking. If this is the motherloade of all time, a major will not take the chance or allow Rousseau to sell this on the cheap to a competitor. Richard is probably right regarding the White Knight scenario.

Relic

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