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: How much do you think...

Edgy, nice; a rock value of 500 $/tonne is indeed very economic to mine.

We also have to include rhodium(Rh) since it will recovered together with Pt and Pd, and its price is also very high, up to 10 grand/ounce.

Things like titanium, vanadium etc do not add any value and will not be mined, their processing is very different.

Basically in order of importance, Ni, then Pt-Rh-Pd, then Cu, then Co and maybe some gold and silver, the rest does not really count except if you have enough chromites and grade to have a separate chomite mine.

Cu-Zn also do not add much value except if we find lots at very good grades.

The main isssue for NOT is that we need to find probably something above 50 million tonnes nickel ore to justify all infrastructure and processing facilities. With a couple of more eagle discoveries we will be very close and you will see a rapid increase in share price. This is where any input from Cliff could be of great help in getting us going.

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