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 held each of these and I continue to hold sizeable lots of NOT,KWG,PRB,FNC and BMK and as you,I believe each of these positions will be well rewarded in time. I believe the buyouts that have taken place so far could/should have been for more money . But that is water under the bridge now. The process has ,however,IMO,made everyone much wiser with respect to future buyouts,including mgt. of all the companies in the ROF.

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