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: Long time no post

I agree notster, I was at the AGM when Dr. Mungal spoke. He was worth the price of admission, he outlined the whole McFauld's project and left me feeling that he knew exactly what lies in the ground and how it got there.

I think we all would feel better with a SP now in the $3-$4. The reason it is not there has little to do with what is in the ground but a whole lot to do with the economy (market) in general. Yes there have been a lot of bumps in the road over the past year regarding Noront activities ie: drilling misses, slow assays, chromite ???, Windfall ramp missing target, proxy fiascal, PP at 80cents, losing RN and new BOD. All of these bumps would have been smoothed over in a better economy.

However, going forward, I do like the game plan that the new BOD has implemented: reduce overhead and concentrate on McFauld's over the next year and leave Windfall for later consideration. The truth of the matter with Windfall is a lot of money was spent on a ramp that undershot the target. This does not mean that there is no viable gold. I would think had they been on target the Windfall story going forward for the next year would be different, they did not hit, end of story, save cash now and come back to it later.

For myself at this stage of the journey ( and believe me it is a journey) I have to continue trusting in guys like Richard Nemis, John Harvey, Neil Novak and Dr. Mungal, all of whom have given me no reason to sell. Just hopfully the new guys running the show can earn the same respect and trust. I think they will!

God Bless All, Merry Christmas and Happy New Year!!!!

Justduke



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