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: Coswil - "get it over with" Canseco
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Oct 30, 2008 07:35AM
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Oct 30, 2008 07:41AM

Re: Coswil - "get it over with" Canseco

posted on Oct 30, 2008 08:39AM

Coswil, I do not believe we ever need to go to the markets to get financing again. NOT and the other ROF players have proven enough resource, IMHO, to have one or more majors buy in at a much better price than any PP on the market(let alone selling other assets like Windfall to raise money). Once a major is on board they essentially do the funding(by buying in) for further drilling that we need. Going to the market just leaves us prone to more of what we have seen since Feb. As far as driving the price down to .20 there are no guarantees of anything regarding price of our shares, just because of the markets in general. I doubt however as more and more drills dig down and find more and more resource, that some entity, major, or other would watch this highly valuable property sit when it is for the taking.

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