Re: PDAC report

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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profitz

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Re: PDAC report

in response to

PDAC report

hoov

posted on Mar 12, 2010 01:48PM

Hoov, thank you very much for this report. I now have a lot of homework to do.

I did have a question that I am hoping you might address. In your last paragragh you stated: "The existing collar positions for the drills doing the deeper holes just don't lend themselves to defining the boundaries of the deposit, especially to the NW, where the best grades have tended to occur."

I was wondering if the NOT mgmt may have expressed any opinion on if they feel that the boundaries of the deposit possibly extend NW onto the NOT/PRB JV. I believe that the JV land is just to the NW of Eagle.

Thanks again for your very thorough report. For the record, I own equal amount of NOT and PRB.