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: The case for $20 per share by a Perma Bull

Glorieux,

2 questions and neither of them are meant to be leading I would actually like to know that answers ;).

Did you Geo friend say why he though Massive sulphides in the DDH would collapse? Was it stress, or bad ground? If it is stress this scares the shit out of me that at 900m an without a mine there is enough stress to collapse a hole.

I know it was rumoured that Inco overpaid for Voisey's in order to prevent Falconbridge/Noranda from bidding (no idea if its true), with Teck currently in a little trouble, Vale and Rio with a tonne of debt and Xstrata seemingly focussed on coal at the momment do you see a similar biding war, or just a BHP quick buy if they hit a huge hole?

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