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: This is very wrong!

I think you are right about the options. The actions of the First Nations will drive the share price down and management wants to load up with more options at an auspicious time.

Management is emphasizing that these are 2009 options and want to move onto the 2010 options. Who was it who said, "It must be time for more options since they haven't issued any for a month now" - very prescient. Those options at $2.84 look a bit pricey now. They must be hungry for lower priced options. Funny, I always thought they were issued options as an incentive to get the share price higher. I guess when you're in management lower is just as good as higher - just keep loading up - you'll hit the jackpot sooner or later.

I wonder if the First Nations know they are doing a big favour for NOT management. I guess they don't care as long as they get their piece of the pie.

How big of a piece of the pie will retail get in the end? Hope springs eternal within the human breast (or does it?).

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