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: Re: Genuity estimate:
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Nov 20, 2009 12:10PM
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Nov 20, 2009 12:27PM
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Nov 20, 2009 12:31PM

Even at 30mt, there is the potential of a 2.8mt per year production level for over 10 years if the FWR consolidation doesn't work. This gives time to develope Blackbird 2. Or you would think the chromite extends onto Fancamp. Smith will be in a position to cut us a deal before we run out of chromite!!!! The short term catalysts for NOT according to the report are 1) potential successful bid for FWR, 2) further assay results, infill and at depth for Eagle, 3) AT12 results 4) 43-101 for Blackbird.

It is going to be an exciting month ahead. In my opinion, critical mass has been reached which will suport the share price from now on. Another interesting part of the report is Genuity thinks road/transport will cost $120 million and mine dev to 1500m will cost $345 million. Infrastructure costs under half a billion will mean we are in the money.

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