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: I gotta say.....this deal with Eagle Hill does

oops you're right, should have read closer. And no it wasn't you who called it rape, it was someone in another post. Either way, I agree that there should be more transparancey, but if they're not going to do anything with it, then they should get someone else to. And if I'm not mistaken, we retain 25% and can buy back the other 75% (with all the money from the ROF) if Eagle Hill does not take it to production. And we get $1,000,000. (consideration payments of $600,000 and $400,000) It seems to me, that they've set up the deal to get Eagle Hill to do the work, and we still get at the very least, 25% of the coompany or the 2%NSR.

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