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: non-dilutive $15 million financing
16
Feb 26, 2013 04:07PM

I think you have a chance Paliman. Just be patient.

Great to the no dillution but...

"10% per annum during the Bridge Loan period and at 8% per annum during the Convertible"

This is not a credit card loan but one that is secured by shares of a great resource in the ground, like your house mortgage. If I had sufficient dough I would have been happy to make such a loan. So I say do not cheer too loudly that this is a great achievement. It is not, imo.

Every coin has a flip side.

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