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: No price support walking down with no problem..

You will have to ask that to the big boys but when people come on here and put a target of $1.75, they are telling every retail guy out there that there is an opportunity to sell now and buy back cheaper later. As long as selling pressure stays good, we will walk this down I guess but when I look at house positions and see who is accumulating:

46 Blackmont 71,000 144,640 2.04 0 71,000 -144,640
27 Dundee 69,800 139,293 2.00 0 69,800 -139,293
12 Wellington 50,000 99,500 1.99 0 50,000 -99,500

Knowing that they know more than us, I feel good about staying put right now. There is no guarantee that they will be able to push this down to $1.75 and my gut says that this thing will turn around on a dime when it does. For the record, here is a list of the biggest sellers, mostly retail of course:

85 Scotia 14,800 29,608 2.00 55,000 111,492 2.03 -40,200 81,884
2 RBC 41,753 84,221 2.02 85,000 170,197 2.00 -43,247 85,976
7 TD Sec 41,900 84,828 2.02 91,500 183,680 2.01 -49,600 98,852
11 MacQuarie 0 50,000 102,021 2.04 -50,000 102,021
88 Scotia iTRADE 7,000 13,840 1.98 62,000 124,137 2.00 -55,000 110,297

Glorieux

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