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: Well, NOT certainly looks like it's about to enter the deep water....

Ultimately I suspect NOT will make some people some coin. When that will be is uncertain but compared to the wait from 07....it's a cake walk. But, here we are heading into "Go away in May" and the summer doldrums. Is there reason for NOT to lay out any N.R.s?...or do they wait to taxi with political movement? Who knows?..but should NOT decide to wait for the end of summer/fall, there should be some decent buying opportunities this summer. NOT is momentarily down from yesterday on a nasty market day and as the market may decide to take it's correction over the summer I'm thinking a good number of stocks are likewise going to see some significant down time as a result. Summer holidays move in, production slows further, politicians go to sleep for a long while, investors slow down their operations and SPs drip. On the other hand there are those that think this year could be different. Drills will be spinning at record numbers in core length......and labs will be working day and night trying to keep up. Therein lies the bottleneck. There will be no speeding up the process so we'll still have to wait through the weeks before we get results. The Fall sounds about right for NOT with their past methodology on reporting assays....but ya never know. At the moment NOT seems to be ready to pause after the recent announcement. Is it good enough to buoy the NOT sp for long? I don't think so. It's very significant news but it doesn't lay out any definitive numbers so it will just fade from notice until another N.R. does the trick. Just my opinion.

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