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: Special Shareholder Meeting

Fos:

I agree, and will vote yes.. ....and I think that BAO has the contractual right in its original NOT investment agreement to match any share dilution transactions which may occur. Also, given the impending finacing inputs from usa investors; governments, public/private-3P, that the public face of board cohesion is paramount.

Its good business to have RCF as the peceived largest shareholder and head financing bird-dogger. BAO gets its guaranteed offtakes: Ni, Cu; and Cr in a mining friendly law abiding country (Canada) plus an Asia Pac free-trade deal to come. -(hence risk free-ish) juridiction.

We get financing and momentum for permits to stay on schedule.

Peter

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