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: Ok --IF there is a buyout on the table---

If .84 is the price on which to base the premium and the premium is, for example, 30 to 50% then we would be looking at a range of about 1.09 to 1.26. Not too lovely is it. Better be hoping for the White Knight in this case. We wait to see.

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