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: Mentality of a Bagholder

Most of us are to some degree a bagholder, what I didn't loose in one stock I invested in another that fell more or less the same amount. I would think that most people investing in junior's have lost a significant portion. At least I did.

In terms of NOT at this forum I have been called a basher and even been threatend to be thrown in a wood chipper by some distinguished forum members. Personally I do not care but what it does it totally eliminates any different view of things. Everything becomes push, push, good, good.

Once I really felt bad, it was this mother describing how her teenage son was doing his DD and buying into NOT. I was just taken back, here I am with 20 plus years in or associated with the mining industry in 5 countries spread out over 3 continents having serious doubts about several issues related to the ROF and this teenage kid is doing his DD and buys the stock.

I suspect most of the people doing all this positive talk were indeed honest and gave their own oppinions, but lashing out at all opposing views just back fire in the long run. Although I give credit to people like Gloriux for his teniacity and commitments, a balanced view usually wins the day.

In terms of the mangement I think they have done an excellent job and in no way can be critizised for the drop in the SP. They have been thrown several curve balls but have responed professionally in all cases

Personally, I am still interested in the ROF and think that indeed more will be found, if eventually economic that still has to be prooven. Surely, Windfall will have to carry the load for the time beeing.

Remember, always seek opposing views before you make any important decisions. It is only then you have any chance to find the other side of a story and you truly can make an informed decision.

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