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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I have always had access to his thoughts by virtue of my association with his brother. who is also with Canaccord.

He has never had any love for Noront and has always been a bit pissed because he could never get into the "inside circle". He did espouse FNC at the start, go a lot of followers into it, and bled pretty hard as a result. Knowing this, it is easy to read the gist of his feelings in this report. He isn't really anti NOT, Just irate because they haven;t seen fit to confide in him.

All JMHO

Regards

K

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