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: New Drill Plan Needed

I don't think anyone can give you the real reason why we are drifting down. I can think of several, the general market, no news, those who we suspect of accumulating either have what they want or are letting the price cool down before buying more. I can't see shorting as a problem. The 110,000 increase is at best 11,000 extra sales a day, given a 10 day trading period over the 15 or so days between reporting. I'd really like to see more shorts. I can just vision them getting burned with some good news. That is overdue but welcome at any time soon. In closing, the other poster who seeins a vision of SPQ/KWG taking off soon. I'd welcome that too. There are some things right now that are not too encouraging ( the economy ) but our future in the Ring of Fire looks rosy. Here's hoping that the economy gets better at just the right time when the Ring of Fire hits its stride.

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