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: Do I hear $12.00 a pound for nickel...

Do I hear $12.00 a pound for nickel...

posted on Apr 14, 2010 07:24PM

Inventories continue to come down even in the face of these high prices. A very good sign when 70% of our value is in this metal. Palladium, hitting new highs does not hurt our value either. Every other metal is doing well also and our value grows just with this. Now, imagine when we take our deposit from 1150 meters to 1500 maybe 2000 meters? When the market does not make sense, like when we knew Eagle 1 went down to 1000 meters but did not react, it is only a matter of time before the market catches up.

Hopefully a NR soon but it may be few weeks still,

Glorieux

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