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: AGM tidbits

Peter I assume that "arrangements" means agreements as to who pays for what and how much have been essentially done just awaiting convenient time for announcements (Yes Harper would hold back for good politicing ). Companies that are to benefit from such news are probably in the know but tied by nondisclosure agreements until official announcements etc.

While road construction to me means not only actual construction but movement of physicals to facilitate that construction. That is supplies, equipment and facilities for construction workers.

There will be dilution. Some by this spring and more for the actual mine construction. At least 700 million $s has to come from somewhere and I do not see a financial institution to be forking over all of it. Financiers usually require that there be some amount coming from the company (Noront or Baosteel), if we want best financing terms.

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