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: You have me confused !!

Re: You have me confused !! - What Next

posted on Nov 07, 2009 02:18PM

"The $3/share at this time for all of NOT?FWR combined would look a little low to me. and the $75m I don't quite know what that is. Could you be a little more specific on that line for me?"

Just figures thrown out there for discussion. With the area consolidated, it ($75m) would be a reasonable figure to take it to mine decision point, after which financing should be available, thus reducing further dilution. Any player putting up $75m at this point would expect a discount per share, thus the $3/ share figure.

These figures are just that. Figures. Not necessarily accurate, but more to encourage discussion on what would be an acceptable set of figures. It seems a much more sensical subject to dwell on than some of the hate literature that has been making the rounds of late.

I do like your idea of 'transportsolutions'.

Regards

K

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