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: Sad deductions from the NR.!- Prior PP Was Done At 2.80
5
Jan 14, 2010 04:05PM

Everyone seems to have a varied idea on what this PP is all about.

It is payoff to NOT to settle some legal issue that arose during the FWR offer. The party agreed to pay a premium for a share issue to settle the matter. It is not flo thru, nor does it have any warrants attached. NOT will file a prospectus on the offering, which means the shares will be free trading upon acceptance by the exchange, which should occur sometime in February (a prospectus normally takes a month to file).

There is no reason to withhold assays or any other news while this process is taking place. However, I would be surprised if they released anything prior to the vote over at FWR. No one knows where NOT will stand on that vote and they appear comfortable to just let it happen. Once the voting is complete, the way forward will be clearer, and at that time news will affect the market much more than now.

Best regards

K

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