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: Re: The GOOD, the BAD and the UGLY
13
May 02, 2011 11:49AM

"UGLY: if there is no other major interested, this could go on for a long time before we see any real value in this company"

Not going to happen, Sag. These guys are the "other major". They are here precisely for the chrome, in direct conflict with CLF, who are proceeding on the basis of having the chrome completly under their control. Suddenly they (CLF) find themselves with direct competition from another entity that has the added advantage of a great nickel asset as well as control of most of the land mass in the ROF.

You can bet there is going to be a skirmish or two before the dust settles here.

Best regards

K

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