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: Options
16
Oct 12, 2012 05:47PM

" This management has done little to deserve not only the options but imho, their salaries while dumping good assets ( Windfall plus )."

And there is my point precisely, Ed

My question was what should have been done that would have improved our share price but wasn't, and Windfall is a good example.

If we had retained this property (and I believe we still hold back in rights), we would have expended another six million dollars to get it to the point it is presently at. This would have drained the coffers about six months ago, and we would have had to raise funds at the sub .50 range. The end result is we would have another 20 mill shares outstanding, and we would be the proud owners of another property that still requires much, much drilling before it is a commercial asset.

I don't dispute the value of windfall, and would love to see it still in our hands. But judging by what EAG is trading at, I would suggest it would do nothing for our share price, and the dilution factor of another big chunk of shares would mean we would be lower than what we are presently at.

K

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