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: Strange days

" When you build up the potential of a target to be drilled the way they have with AT12 you make it material. So if in fact they have come up with nothing significant in those cores I'm sorry but that is material information to us"

Well if you give this a bit of thought, given that the sp is dropping like everything else, obviously the sp is not likely to be of significance to them given the other aspects that occupy them, like our recent connection with a Chinese investor, given also that the sp is a temporal thing. So since the sp is going down anyway, a no show for AT12 wouldn't be terribly material now would it....but favourable news certainly would. Given that the Chinese have bought in I would suggest things are rather more positive than you would like to cite and that the nature of things behind closed doors, like the Chinese involvement, are more important to protect than investor comfort level. As of todays news from the meetings as stated by CLF, NOT and CLF are working together to establish a corridor. So why would NOT be involved in such an enterprise? I guess they must have something of value to get out and I guess that's all that matters. Keep your eye on the ball. Instead of looking for what they might not have you should be looking at why all of the fuss in the north with NOT one of the kingpins.

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