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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Further on what might be driving Chinese (Baosteel) interest in ROF: I was in China last week, and in a local paper, there was an article on the government's new policy for the country to lock in 50% of its non-ferrous metal supply requirements. Although I have no facts on Baosteel, this would appear to be a move consistent with this new policy.

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