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: Longevity

Longevity

posted on Dec 08, 2008 08:29AM

I agree with most of the sentiments being expressed about Rousseau etal. However, the recent private placement was a good move. Sure, there was dilution, but for value in a couple of ways. First of all, we had an 18% increase in the number of shares for 31% of our market cap as of today. Not bad in real time terms. More importantly, it gives NOT longevity in a time when producers in particular are running out of time. NOT has the funds to carry on at current pace for a few years if my calculations are correct, and even longer if drill targets get prioritized to fewer strategic anomalies. We will be around for a long time which is good because we have a hell of a lot of land with a hell of a lot of potential.

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