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: How low will it go?

Suggests we knock on .29 (2007) but if you also look at .29 in 2007 that was the spring board for the run to $6 level.

We have skipped along this .20-.50 base for YEARS now, since 2005.

Without a catalyst to forward our price to the .80-90 level this is where we will remain...

Wish I had something better to report but unfortunately the chart looks like $hi#.

GS40

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