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: The PP-Time To Pause and Reflect

Thank you for reading my post and asking for my comments.

Yes, other non-flow through funds could be used for those purposes. However, in light of the lack of SH support for the share award proposal at the AGM, I would hope that the BOD and management got the appropriate message. If not, IMO it could be a nail in their coffin.

I believe that this financing package could have been under preparation by Dundee et al for some time without NOT's awareness. It is quite commonly done in the investment/finance community. After all, they, the proponents, are constantly inventing ways to make money and in this case, stand to potentially gain not only from a captial gain but also from their "finders fee".

The fact that NOT's SP has dropped thls week, could logically be connected to general market weakness, not necessarily to the PP.

Food for thought??

Respectfully submitted

geoprof

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