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: a report on commodity prices going forward

Both Jim and Dalton are good at dancing around the real issues and the real money. All their plays are sent in from the bureaucrats. Any free money is fine if (like NOT) you are already committed. But my post is about how to secure commitment to much bigger long term investment in a region that will otherwise remain relatively unattractive to majors. Those jobs could easily have been kept in Timmins as well. Our leaders are very committed to good short term news bites , but are otherwise will not be much help attracting a major development partner. I do not want to see it simply fall into Cliffs hands for much less than it can be worth if serious development incentives were to be provided for this remote, high cost region. How many companies are we aware of that are prepared to risk a billion plus with 5-7 years to first cash flow ?

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