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: Re: This will be done with loan from

Khareema is right here I am sure. Call it a collateral loan. Its kind of like a mortgage. The deposit is the collateral and the loan is paid in increments as it (the collateral) is sold. I recall the term or approximate time of 2 to 2 and a half years. Then the rest is ours.

Sounds pretty good and no dilution to boot.

Don

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