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..

Considering they were in the PP and have a net accumulated position of

46 Blackmont 2,515,220 3,659,143 1.45 754,400 1,411,546 1.87 1,760,820 -2,247,597
27 Dundee 9,531,600 19,683,225 2.07 8,118,400 16,549,888 2.04 1,413,200 -3,133,337
74 GMP 1,378,600 1,474,717 1.07 391,000 824,836 2.11 987,600 -649,881
12 Wellington 1,420,300 3,070,883 2.16 462,900 1,019,259 2.20 957,400 -2,051,624

Since July 15th, I cannot see them as being short. Why do I have a feeling you already knew that though!!

Glorieux

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