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: Prove me wrong

52 week low now at $1.06......we are not far off...a new low is certainly not out of the question here

No serious buying at all yet....volume very low for some time now

No shortage of sellers as they continue to keep a lid on the stock price and immedicately kill any share price appreciation before it could gain any momentum

For those thinking good news will arrive soon....I would be shocked

Either the news is bad...which explains our current stock price...OR...the news is something like some very vaugue update; with an announcement of stock options....which again would explaing our stock price....OR....the news is still far off....which again would explain our current stock price

History has shown with this management that the stock price begins to run up weeks before good news and only goes down after good news, which leads me to believe that insiders have had access to news before retail and bought in well before the news in order to sell once the positive news is release (see news releases with respect to hole 49 beginning with the first news of visuals followed by the news of the stock options and then followed by the assay results about 2 months later). Of interest in this time frame is the statement by management around July 15 when the stock started moving up that they had no knowledge of why the stock was moving up. Funny how they don't feel complelled to make a similar statement when the stock is moving down.

Regardless, I wouldn't expect much different this time around. If there is going to be good news to announce, the buying will happen in the weeks prior to the news so that they can sell when the news is announced. Otherwise, there will not be any good news.

Why would it be any different this time around?

I would love to be proven wrong

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