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: Re: Possible drilling on formerly PRB-NOT JV land?

''A continuation of the 'under the radar' stategy. Imo, it's use ends shortly after the formal infrastructure announcement are made"

Makes absolute sense, regardless of how you look at it, either from a money, or control angle.

The big money people know nothing will happen until infrastructure questions are answered, and might as well use their assets elsewhere for the interim. They understand they will have lots of warning once the run starts. You can bet they weren't the sellers at 45 cents last fall. They were out long before that, and the losers have left the building since. Recent statements by the company put the big guys with less than 10% total holdings, which means the recent run from .45 to .95 was likely done by retail alone. When, and we know it is not if but when, infrastructure does come, and the real run starts, that quick double can be dwarfed by a buyin decision from a single source such as a sprott or a dwepp.

Ditto for the control people (BOD). Wes receives a salary of about 200k/year, which is chump change in the real world. I earned better than that for the last ten years of my working life, and it don't go far. He left a mill/year job to take this one. Why? Because his reward will come from the options they so readily give themselves if they can keep this as low as possible for the interim.

Best regards

K

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