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: Sell now buy cheaper ! ?

I agree with you Storm, the bottom is in, the new options are given out, institutions have accumulated 1M shares in the last 3 months, we have signicant news...however, for our Co-CEO and their purchase price at 0.80$, those were flow thru shares that had significant tax advantages so their break even is a fair amount lower...not a tax accountant so cannot say what break even is for them, but it is less than 0.80.

With this new info that basically calls for Eagles 3&4 having landed, it is just a question of time before we start rising significantly, even in this economy. Now if someone wants to trade, I have no problems with that as I have done it and will do it again but at the current valuation, NO WAY!! I am sitting on them...at what point will I start selling some of my shares? That is a good question. I am in 100% NOT right now as of when Wes said 2 NRs were coming...that is what money managers might call Overweight ;-) so I will need to take some off the table at some point to rebalance my portfolio but I could not resist the low price and the fact I knew news was coming. Personally, I cannot see selling any shares what so ever until a very minimum of 0.85. If you have a need for money and have no other sources that changes the equation but otherwise, I would stick it out till at least 0.85. Just my opinion of course as usual!

Glorieux

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