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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In any case, to stay on the conservative side, let's fire a few BoD to decrease the burnrate, I know a few FTEs which can be reduced without any effect on NOT's efficiency, Yep, it's Patsy A. & Bros. again.

Without joking, I think we seriously need to look into overhead costs, salary costs, NOT has become a Mexican army, far too many expensive generals in the top.

Let's put into place a 20% to 30% cost reduction program, this is absolutely necessary in today's conditions.

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