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: Reaction to CLF Counter ?

As a NOT holder, I would love to believe its a done deal. Unfortunately, NOT's sp and related lack of motion indicates it is anything but a done deal. If CLF with the ability to counter, with great optionable paper of its own, does not counter, one can reasonably deduce that CLF has some bigger interest (perhaps in NOT) in mind. More drill results for NOT need to be spectacular to move the sp, but its going to require deep and motivated pockets to move NOT firmly upward. Lets hope for both as FWR holders won't be impressed by ongoing manipulation alone. They need to know there is a legitimate end game or may opt to keep their options open.

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