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: hudbay

I think it's already started but it seems like a snails pace to us.

Cliffs - IN

Ring of Fire Coordinator - Filled

FN's - On board (MFFN not 100% official yet)

Vale - Committed spending with Ontario gov'e (I am assuming ROF)

Hudbay - IN

It's certainly happening. Ain't no fireworks yet but I can certainly see the positioning happening slowly in the periphery.

First Nations and Government on board is huge. Environmental is last major hurdle but Government can facilitate that if they are IN.

My question is, as an investor where is the best place to put your money?

And the answer is...nobody knows.

I will say this Storm. I think the speed of this will be exponential. With each added component and/or player I think the gap between the next one will become tighter.

I'll be as bold to say that I will predict one major move per month in the ROF (minimum) from here going forward.

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