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: Why a Study Now?

Joe, thanks for your take on the timing of the SNC Contract. Tactical Ploy, could very well have been, to help prop up the NOT SP, well we know otherwise that if that was the intent it fell on deaf ears, or did it?

The optimist in me is telling me that it is but a small part of a much larger picture, had NOT not gone ahead with the takeover, would the market have viewed the release any different than it did? It's definitely not a nemis style "Barn Burner" so to speak and as such would not have the power to move us up big time, what it does do is lay a foundation of structured contractual movement towards production imo. The barn burners are yet to come imo.

15 days to go... we wait, expect to here from both sides a lot more going forward

A rail line is one heck of a long way away from having a ore trains running back and forth.

We wait.

As for options, imo they've got enough and they need to start buying themselves

As for a PP, lets get the stock way the H up before that happens.

Respectfully

Notster.

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