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: Significant change in company direction, back to exploration

I think that this change very significant in that is shows a extremely large mis-step on the part of the BoD. The people on the BoD who pushed the "we will mine the RoF/Canada's next major mining company" should resign.

Why?

  1. Loss of exploration expertise
  2. cost of putting mining production experts in place (now needs to be un-done)
  3. cost of moving offices from a still-existing lease to glitzy and expensive digs
  4. cost to shareholders in lost exploration momentum
  5. mishandling the relationship with the FN: blockade+$5K meet-the-Chief fun-fest

Positives:

  1. ore in the ground (no thanks to the current BoD)
  2. apparent understanding of the geology of Eagle 1 (hoping that will extrapolate in the area), thenks to Dr. Mungall and Jeremy Neimi

Sorry if this seems a bit cranky, but I haven't had my coffee yet. I will continue to average down, based on the positives and the hope that there will be a change on the BoD.

As shareholders, how do we get a candidate (or candidates) onto the slate for voting at the upcoming AGM? What is the process? If not this AGM, then the next?

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