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

"When he said he had a favourite (AT12) or any similar comment when he should be perfectly silent,"

Actually, He is pretty safe saying whatever he chooses, so long as it is via a public medium. If he had said what he did to a restricted audience, such as only to this forum, That would be a no-no.

I honestly prefer that information trickles out like this in bits and bites, with nothing really being said. It creates ambiguity, which creates volatility, which creates opportunity.

I am still in favor of an update this week. I would expect the camp will be shut down this weekend, if not already, and there is always some sort of statement made at that time.

Best regards

K

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