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: This is NOT what we want. UTS - unsolicited offer at 51% premium

ES: For sure nobody is going to see you as a lackie. You present the facts, and present them in the proper way. Without twisting them.

One consideration about the new BOD; If they read this forum regularly, and I think they do,They probably look at us as one group (retail group). When they consider the general feeling here, there is no doubt that they will carry some animosity as a result. In their place, I probably would.

Regards

K

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