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: PDAC?

Went to PDAC yesterday, visited Not booth along with others. The 3D display at Not's booth was interesting. The model of the CN tower gives you a idea of how big the discovery is and getting bigger.

Talked to Wes one on one and in a group. he is quite willing to talk to retail investors but hard to get anything new out of him. Asked repeatedly about the 59% institutional ownership issue but he won't confirm that it has changed from that level. IMHO it's this institional ownership that gives Wes his security and lack of concern for our SP.We also talked about any offers either friendly of hostile and at what level he thinks would be reasonable. We talked about our current SP and how ridicuously low it was, of course he agreed.

All in all it was worth the trip.

PS - Wes has a good poker face, he is going to need that when he negoiates with a major like Rio Tinto??

PSS- If I'am going swimming in the ocean I want the shark on my side not the gold fish.

Cheers

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