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: Investor Reaction

Investor Reaction

posted on Jan 28, 2009 09:31AM

This morning, the was discussion regarding UTS facing an unsolicited buyout offer at a 51% premium. Looks like the largest shareholder "West Face Capitol" who owns in excess of 10% is speaking out against. They claim the value is at least double what was offered. There was a fear that NOT could be exposed to the same. However, the UTS offer won't proceed and you can rest assured no one is getting NOT for a song either. There are tons of shareholders who paid several times current market for their shares and a lot more who know the real value. They will not let it happen.

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Jan 28, 2009 09:49AM
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