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: Please correct me if I'm wrong

Please correct me if I'm wrong.

Didn't the SP rise in hopes of Wes revealing Nickel found deeper then previous nickel, thus increasing our total tonage. Instead, we have a few more steps from inferred to indicated to proven on known tonnage. Therefor SP goes down because we aren't indicated, feasiblity and metelurgical studies aren't done. For the short term investors, it sort of translates as no news compared to hole 49 which increased total assumed (inferred) tonnage. The decreased SP is backtracking what in the last week was an SP increase in anticipation of increased tonnage. If this is the case, it is simply honest downward pressure. Why suppress (manipulate it down) unless someone has inside knowledge that the deep drills already found nickel.

To those long, this NR is a positive step towards necessary sale or development, or what ever Wes has in mind. Wes is doing his job dilligently. Plus deep drills are still churning going deep, so this NR SP bump has yet to come. If the SP spikes skyhigh tomorrow, then another NR is on it's way soon.

Am I wrong about this?

-stockgreed

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