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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Can anyone take a stab at identifying how much metal has gone from inferred to proven and if the lab results showed ANY new increase in tonnage. I have sent an e mail to NOT asking but they have not had a chance to respond. I was hoping Hoov or Geoprof would have commented by now.

To have as much money as I do invested in Juniors and have to ask these questions is a little embarrasing.

I suspect we did take tonnage from inferred to proven and did not increase total tonnage. It did look like we have increased the %'s of the good stuff. I also agree with Sum that they must know a lot about AT12 to devote so much effort to prove it up. Being not so smart I was always dissapointed in results from AT12.

Time will tell. God bless.

Goldfinger

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