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: Tax loss sellers

This tax loss game that some of us play is an interesting anomaly in the market. It will usually provide an opportunity for the savvy player to add a couple of % to their yearly income if done right. Whether I could recommend NOT as a candidate for this year is questionable.

An investor must stay away from it for 30 days after selling, and that timing could be a big factor with NOT.

The final set of assays from summer drill program are due this week, based on the timing of the last two releases, and I have a gut feeling there is going to be more to the story than just chrome results. If they don't come out this week, there is more of a likelihood of there being more to the story, and thy will certainly be out by first week of January. Drill plans for the winter season will also be released by first week of January, and these plans will, no doubt, be based on results from this latest regional drill program.

Maybe better to just sit tight with what you have, enjoy the season, and wait for things to happen.

Best regards

K

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