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 is obvious that the deposit is vaste but ...

....,share wise, it is not the value that we hope to see for our investment if our management doesn't start talking about ways of getting the ore out of there .

Yes , we might get some more findings on other parts of the property but the share price will not " go to the moon " if they cannot move the ore from the property speedily and economically .

Next strategy should be preparing to move the ore and it is not good policy waiting for Cliffs to foot the bill for transportation because their resources allow them to wait out for the government feet dragging while we have limited resources and no other means of income.

Another possibility it is takeover bid not very exiting because it will be for sure a low bid like the previous from Cliff for the other ROF companies and probably could be from Cliff themselves.

Terrible ending and I hope not in our future.

Cheers and as always my own opinion.

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