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: Re: Eagle One, Drill time away and the JV with Probe.

"The introduction of concepts such as "magnetotelluric geophysics" and terms such as "footwall contact" suggest that they're moving past simple surface exploration, and starting to look at deep structures. "

Hoov, in line with that thinking completely. I think these guys have been on the forfront of technology for some time and have been using full on 3d modelling and image generation, suffice it to say that what ever little tidbits we do get along the tech side of things more than likely pale in comparison tech wise to the geophysics actually being employed by Mr Harvey and Mr Mungall, one would think that the R boys et all would want no expense spared in that regard.

The holes drlled to the SW of Eagle One, listed as non significant, coupled with the JV action, smacked of very stragic lay work and I have a suspicion that we know about 1/10th of the story. lol. Probes westerly claim is very very close to E1. In my opinion they need, (wait maybe they've already done it,but we don't know because we don't have an updated E1 Drill plan )( what's up with that?????) need to get a grip on the tail of the beast so to speak, that being said imo they need to set up south of 28 and run bit down and between 44 and 46 dip suitable to hit the conduit running to depth say even 10m below the 44 intercept. Damn, you know there's a heck of a lot of directional drilling technology out there these days, this type of exploration calls for just that type of specialty drilling. Might be time enlist some real pros for the Conduit work at hand.

I have not said much about the new CEO, i will reserve comment, however as i have said before, I would not be surprised to learn that we are already working on the permitting/environmental/geophysics/... of getting that 4.1% nickel out of the ground and stockpiled for seasonal road shipping, reality is we can do the seasonal road thing for 1/20th the cost of a 1/3 portion of building an all weather road and accomplish the same production out of heavy winter hauling.

Debeers has been doing it for years and very successfully.

Information wise and need to know wise we are low on the totempole.

This needs to change!

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