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: I'm waiting to see what the BOD does.

I'm waiting to see what the BOD does.

posted on Mar 22, 2009 11:43AM

We know that we are awaiting a new CEO which they say they are working hard to acquire. I don't know how difficult it is in the present environment to find one. Six months feels like a long time though doesn't it.....for such a company as NOT.

We know that they say we are finding more Cr of significant quality/quantity but we don't seem to be getting assays. They appear to be telling us that they are stock piling the cores to be dealt with in bulk shipments. I haven't really heard a solid reason for this approach that makes sense to me considering the delays.... not the ones they are giving us. I can however come to my own conclusions which could be good or not so good. I don't know.... but I'm inclined to think that what is most likely will be of benefit to shareholders. I don't know enough to state this as fact.

The business of drilling and operating the camp is going on as always given that we have no new information to indicate otherwise.

We know that they are anticipating advantages in the poor economic climate from their own reports/articles.

Overall we really have not received much information..... but you knew that. If one is to conclude that progress is taking place it must be time and strategy sensitive what ever type of progress it may be. It doesn't make for much in the way of investor fun, but it could be, when we find out what it is. I'm still prepared to respond to circumstances going either way.

S.P. aside from the down Friday market is meandering upward. We'll see if that means anything other than responding to the general market.

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