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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Please correct me if I am wrong, but is it not an OSC regulation that once you have a stock position of 10% you must immediately file notification to the OSC? If your premise were true and Baosteel is accumulating, they would only have required another .1% or 187,000 shares and certainly by now would have exceeded that amount but there has been no filing to that effect. Just food for thought.

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