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: private placement/flow thru

the news release only states that the options are priced at the 10 day average. i don't think the flow-throught shares are subject to the same pricing. we will see if this is a issue of raising funds or filling their pockets. it will be both is my guess. surely it will all go at .80 because at this price it is already a great deal.

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