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: Today for me....

Doesn't seem like much we can do about the PP or the options....thing is though, the opportunity is there for the taking for the retail to load up below .80

The other thing is that control is in the hands of a few.....let's face it....we were quite vulnerable to a take out....especially in this relentless market....even with the poison pill

Perhaps, the new board was concerned that we may get taken out at a price that the retail would sell out at and felt they needed to take action....I can only speculate

It seems now....the power is in the hands of a few....question is......will this be good or bad for us

NOT will see it's way through this current crisis....this will turn out very well for the BOD's with their .80 options and anyone else picking this up at these prices





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