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: Why do we want a buyout, or even a buyin?

I would rather wait and prove up more nickel khareema. IMHO our management team is going full throttle on drilling the hell out of Eagle. Nickel prices along with the rest of the base metals are starting to climb.

I believe Eagle One's 43-101 was completed with nickel prices being at a 5 year average of $12.00. We are slowly creeping back to where we left off from two years ago. Hopefully the global economy does not turn as ugly as some people are predicting, and with a little luck, we may just get our $20.00 a share. I have a gut feeling that our Nickel grades are going to be incredibly higher the deeper we drill.

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