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

You are a true mathematical speculator, Milsy.

Consider my logic as I arrived at my figure;

I used 14 km. and also used JDF statement that it would not be continuous. I used a figure (math again) of 30% of that length=4200m.

I also used Don Hoy's suggestion of 40m, deducted a little and came up with an average of 35 m.

He also suggested they were drilling off to 200 m, so I used a 50% figure, and came up with average depth of 100m.

If you take 10% off for errors, where do you come out at? As I said, the math never lies.

Regards

K

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