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 Wild Card

My girlfriend and I are pretty heavily invested in NOT as well as other area players....FNC, BMK, PRB, KWG, UC, TBM ....done well on FWR and SPQ ....

Anyways......she's always asking....when is NOT going to make it's move higher?

Well....then we talk about how deep this deposit is....whether there's some mother load underneath all this.....perhaps the grades on the PGE's will get the market's attention....maybe they'll find another deposit....

People, when talking value in the ground, focus only on the eagle's nest deposit.....when you add in eagle 2, blackbird 1 and 2, JJJ, AT-12, and the Vanadium Titanium, the final numbers are in the 10's of billions...how many more deposits do we need?

The comment has already been made in the latest preliminary assessment..."The PA estimates a break even nickel cut-off grade of between 0.3% and 0.5%". Keep in mind, as well...."The stand-alone economics of the Eagle's Nest Ni-Cu-PGM deposit, based on the Assumed Metal Prices

OK....so after much discussion about the fundamentals, I usually conclude with this comment...."commodity prices will be the wild card". At some point, nickel, copper, and PGE prices will reach a point where such deposits could no longer be ignored...

I can't help but think the market is pricing us as though.....for now, this is a no go

As the deposit grows and commodity prices continue to accellerate, this will change to a go

So, for now....we position ourselves until this wildcard makes a hand out of nothing

My opinion on this fine morning of rememberance day...have a great rememberance day and remember those, dead and alive, who have contibuted to the freedoms we all enjoy in the best nation in the world.

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