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: Pencil.....the misnomer....

"and then Cliffs offers to buy the whole lot where they are the owners and we the operators"

Somehow the above statement seems to differ from the standing policy with Cliffs, where they tend to prefer to be the operators and let someone else be the owners???????

Regards

k

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