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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oops...so it seams that I had it wrong....again...

looks like "bankable" means very little...

Companies continue to use the terms as if they mean something different...

- scoping study

- preliminary FS

- FS

- bankable FS

It makes sence that a lender will do their own DD before they invest regardless of what info they are provided.

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