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: TD/Xstrata

Does anyone know what the thrust of this re-organization is? Probably not precisely pertinent to NOT investors, but I have been wondering why Xstrata appears to have pulled in its horns lately. Could this be related to the re-organization and what is the probable impact going forward?

Earlier on, I believe Xtrata was considered a live prospect for taking over NOT. Much water over the dam since, of course, in terms of the world nickel market and the labour situation in the Sudbury nickel field.

Best to all NOT longs,

O.F.

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