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: So Why's The SP Moving?
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Also remember that as base metal prices recover, than the value of Eagle 1 returns to valuations established in the feasibility study and when we do hit those valuations, Eagle 1 alone, even though small gave us a valuation over $3 per share. This valuation was based on pre PP shares out but should still stand near $2.50 per share on its own. Than we have Eagle 2 which is non economical by itself but with Eagle 1 paying for infrastructure, Eagle 2 is economical. AT12 has the potential to be a massive low grade deposit and the big bang of course can come from the Chromium...

So WHEN economy gets going again, NOT has the stuff the world needs and our SP will do very well.

Glorieux

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