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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SUDS: Very admirable optimism. I surely hope you have a straight wire from maguire on this one.

BUT, nobody wants to sell, nobody wants to buy, we are hung out to dry. Where will the increase come from? Are you also predicting a NR to give us the needed jolt" Seems like we are dragging along the bottom. It IS the bottom, eh?

O.F.

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