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: It was my pleasure...

I think on some level it could also be an attempt to be a bit conservative with cash. We just did a recent pp but if we dont hit something significant during this drilling campaign it may be increasingly difficult to raise money so i think by having fewer drills you need fewer geos and staff and the burn rate goes down again just speculating i hope its not the case but this wouldnt be the first time an exploration company had to start being a bit more conservative.

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