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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I'm very interested in seeing the June 15 short numbers. I know that if I was short I'd be looking at covering at these prices. Surely with news 'way overdue' the odds would appear to favour the longs and not the shorts. BUT why are they not covering? Any ideas? Could they be looking to cover with cheap options that they hold and are in fact insulated already?

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