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: Another Comment From PDAC

"...20,- is still a good figure to aim for..."

I truly believe that at this point of time, infrastructures coming, Cliffs committed to build its mine, government clearly involved, strong institutional holding, and most of all, what is under our claims, even without taking into account the huge potential of further discoveries, this crazy 20$ figure (or let's say 15, for a 3B market cap) is not a matter of 'if', but 'when'... The problem is that it will get there aboard a roller coaster train! Most of us will not keep up until the end, and will rush their way out long before hitting the 2-digits! Rumours of take-over, discoveries, change in management, financing, etc... will make the SP to rise and fall many times before destination.

I made a commitment to myself not to dump any bit of my 50K+ NOT position before they hit 15$... I made a similar commitment about the sleeping time of my cellared 2000 Bordeaux ... Hmmm... I cannot swear here that I will (and did) not make one (ok, two... or yes, maybe three or...) infringement !!!

GLTA.

BaBe.

(I accumulated 20 000 SMF shares for years and years in the range of 0,75 and 1,50. And suddenly, during the course of 2009 and 2010, the Semafo SP chart became active, and I dumped shares all the way up to 14$, lacking faith... Still holding 2 000 though (the stock has now retracted to 9$), but I would be more happy to still have all of them in my portfolio!)

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