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: COMMODITIES - (FRIDAYS CLOSE)

"And wouldn't the brass love that....play right into their hands. NI price goes up... company sp goes up.... savings on wages tops up the till. They come out of the end of the tunnel smilin'."

No I doubt if any company or shareholder would enjoy the loss of one year of production and profits.

Sum...no one ever wants a strike. However sometimes we need to take stock of a situation and look at current realities.

The reality that auto workers are facing today is that we have to compete with Honda and Toyota.

I submit that the entire North American economy is facing a similar reality.

At CVRD Vale Inco in Sudbury even the janitor makes $100,000 per year. That is not sustainable.

The union has already warned that they will not accept cutbacks of any kind. If they continue that stance, there is a high likelyhood of a strike.

This is not the old Inco that is in control. CVRD has operations all over the world. They can make a profit even if the Sudbury operations are not producing.

Unfortunately I don't see either side budging an inch.

No one wins in this game.

SN

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