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: Back to Bridges......." My Theory and only a theory.

" I say probably, because no NR has yet been released on that, and it was inexplicably left out of the MD&A, which is supposed to contain a full summary of exploration activity.Do you recall mention of drilling activity 12 km SW of the Eagles? That's the last I heard of it. Five holes, I'm told, but nothing reported."

It is now my opinion and only my opinion, given the economic/corporate environment, that the partial aim of the BOD in retiring R.N. and in "gathering data" to be disseminated to the public in batches (note the carefully worded description), was a defensive act to keep this company out of harms way for as long as possible. The BOD needs to prove up value as fully as possible to acquire the maximum buck in the end. Either way, whether the BOD truly wishes to take this into production or to sell to the highest bidder, the object would be to stay low and get as many friends into the flock as possible to stave off any threats to either end product. I believe, largely from impression and the facts reported to date and from a lot of interpretive reading between the lines, that this company is indeed a black swan. I'm saying what many believe here, that given the chance, NOT will make moves to behold. But remember, there are no guarantees and there are many unknown variables that can turn on a dime. Most here are banking, literally, that those variables turn our way. Bought more today.

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