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: Strange happenings going on in the ROF

Good morning Tranquille my friend: What a pity that this wasn't done when Cliffs first started this with the other take over bid. A merger at that time with Noront would have resulted in greater protection and a far far higher ultimate value for their shares. Both they and Noront would have benifitted. As it is Cliffs is the winner.

Don Jose de La Mancha

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