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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For this to happen, we need a dependable, renewable source of revenue. So although this goal is lofty and very appropriate, this idea will not be fulfilled until this is established. Now donations would be nice but any good structure could not depend on this for regular operations. Government programs could be applied for but even if money is received, there is no guarantee of longer term funding. Lobbying to add a very small fee to every trade to establish a shareholder's (not just mining companies) protection agency would be an interesting idea but I do not know how this would be accepted or supported politically.

Glorieux

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