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: What I like about days like this....

is that you get, without news, the chance to see where the momentum is really at. For instance you see that they take NOT down momentarily to .85 and then it grinds it's way back up to .87 where it is now, down a penny from yesterday's high. Now the question is, have real sellers really dried up and have real buyers shown up? We'll know today if that is the case as the sp will continued to rise. If we are on a wait and see mode for the buyers then we'll stagnate here for a while....but if the price moves up then there are those that want in at these prices and higher....for reasons which....we wait to see....but I must confess....I don't mind waiting when the sp is rising. I suspect you folks don't either.:) Personally, I think we are now in demand and that may make itself evident by today's close again.

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