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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jacki,

yes I am happy that Cliff won since it helps NOT and in general the drive to develop the area. It helps make the ring more ligit. A couple of things

1) I think the FWR shareholder should be happy, they made real money. They do not need to risk their money now, Cliff has taken over that risk and opportunity

2) I don't think the Cliff saga is over, they soon enough will find out they need collaborators and NOT will be on top of their list.

3) As soon as Cliff demonstrates real progress in their development plans, other companies (Xstrata and Vale) will find NOT more attractive

A couple of good hits and things will happen

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