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: AafabVentures, I Salute You !

Yes we want stainless steel consumption to increase but not on the cost of the price of nickel and chrome. You do not want to flood the market with cheap nickel and chrome, you will be out of business in a flash. The total 'value' of the ROF depends on the prices you can get for your products.

As the western societies get richer, we gradually get growth in stainless steel since it minimizes down times, repairs and in the long run lowers the cost. The Chinese will also follow although they also experiment with cheaper moly "stainless" steel. Growth in consumption is good for both Cr and Ni.

You do not want to build the image of low costs and great profits, as people will be coming asking for handouts. Such an image will also effectively hinder any government assistance.

Make no mistake about it, the chrome and nickel out of the ROF will not come at low cost; you need huge infrastructure developments, long transportation distances, long time period before production, etc.

The ores are great, but that is only a small part of the overall cost picture. It serves nobody, neither NOT's shareholders, any good to pump this and pretend it is going to be a cakewalk and that we are all going to make millions.

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