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: Jacki/KRY Halted ! :)

Good Morning Jax...

Yes, I think the news will be good. Either a buyout or the nod from Mr. Chavez to move forward. If we were heading to arbitration KRY would have announced it yesterday, after they were halted. I think we are waiting for China and VZ to make a joint, weekend announcement.

Pop in from time to time over the weekend and be ready at the open Monday. The halt could very well continue into the day. If there is a pop, you'll want to be ready to flip some or all of your contracts. Depending on the news, they'll at least pump some premium into the 4/11 and 7/11 2.50's. The other contract offerings will be fleshed out as well. We are in at rock bottom and should see some nice return/play. Common will afford the luxury of time. I'm sure you have a plan in place.

As I said to you a few months back, you're a very smart lady, with big ones :), for dipping your toe into the KRY option pool. Not for the faint of heart.

Have a great weekend... I'm off to the dojo.

Pam

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