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: Talked to JJ

The latest news release is now almost 5 hours old . There appears to be some subdued excitement over it ,but nothing overly positive being said.The usual over analysis hasn't appeared yet. Yes, there were no leaks but I think I prefer some leaks with significant upward movement before the NR !!

So. Is this really good or just all right? Will we sell off tomorrow, drift sideways or surge upward? Who is willing to put their reputation on the line with a thoughtful analysis?

OK,my thoughts. I don't think that there is anything here that our institutional partners don't already know.Retail will warm up a bit tomorrow, with sp threatening $2 but will fall back by days end and close up 6-8 cents. I will be surprised if we move more but will certainly not complain . JMHO Rico

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