Re: Control/Excellent post/resend due to cut-off

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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Peter Marshall

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Re: Control/Excellent post/resend due to cut-off

in response to

Re: Control/Excellent post/resend due to cut-off

hoov

posted on Nov 15, 2008 11:43AM

Lar

I had read and was aware of your post of Nov. 12. I didn't agree with it then because I don't believe the 30% figure you used included McEwan and Lassond shares: they add another apprx. 10% for a total of apprx. 40% of 130M or 52M shares.

52M+25M shares= 67/155 =49.68% of shares outstanding.

I rounded to 50%.

I stand to be corrected if what I understood to be correct during the proxy battle and a couple of conversations I had at the AGM with fellow posters.