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: Next week

"Why not NOT?"

When the NOT offer expired on Dec 11, and the voting date of Jan 25 was announced by FWR, it became obvious to many that there was going to be a lull in activity with NOT and others in the ROF. With so many other opportunities available because of year end selling, and the rise in the price of gold, a good number of investors decided to go elsewhere for the interim.

Now with the voting situation about to draw to a close, and the prospect of some stability returnng to the area, there are clear signs of a movement back in to these area plays. Although the outcome won't be known until mid day on Monday, I have not seen anything to indicate anything except that CLF will win the day. If so, we could see this slow movement turn into a rush in very short order. Does everyone have their bets down?

Best regards

K

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