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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Never heard of this fund. This, to me is very interesting development.

Could it be that they are assembling (Accumulating) shares in order

to sell them to Baosteel after may 2/2012. They got close to 23 mill. shares.

If they get .80 to .90 a share they could cross them and make decent profit.

Baosteel, on the other hand wouldn't have to push the market too much higher.

Hi Old Joe..........I asked that question in March/2012, shortly after RCF surfaced

with their 10% investment in Noront.

GLTY and all,

Fossil

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