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: 11 months to go
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11 months to go

posted on Feb 01, 2010 10:44PM

CONTRACTUAL OBLIGATIONS

At July 31, 2009, the Company has fulfilled its spending commitment on Canadian exploration activity

related to the $18.9 million flow

‐through share financing, which occurred on December 4, 2008.

On August 26, 2009, the company raised an additional $25 million of flow

‐through funds which the

Company has a commitment to spend on eligible Canadian exploration activity by December 31, 2010. As

at October 31, 2009, the Company has approximately $17.8 million of this spending commitment

remaining.

What happens if the blockade goes forever and thy have no drilled yet?December 31 is 11 months away.

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