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: Some Straight Talk

Hey SN,

I expect the government will be involved. I expect that this has been discussed for some months now and it will not be made public until all pieces are in order, not to mention everyone filling their boots with ROF companies. Things have to follow a certain order as you know, ie: easement announcement (even though it seemed many knew months ago) before E/W moving forward. ie: FN on board, before infrastructure announcements. Everything I have heard is that much "progress" is being made. Take from that what you will. To me it means what is on the surface is a load of crap. IMHO, the crosses were the "sign", it signalled bottom and more importantly it signalled change. Then came the SP spike. Was it all for nothing? Doubtful. At our level, we're left wondering, but trust me, it meant something.

I look at all the instos, all the government, all the FN's. The investors, are far sharper than I, the government far more informed, and the FN far more greedy. They all have one common goal........money. When this much is at stake, they will find a way.

E/W is an easy sell to every entity that had a problem with N/S. Same goes for Eagle1. We have two very different projects in the ROF. One that poses some concerns (chrome) and one that poses very little (nickel). As such, they need to be treated differently, which they aren't at the present time. The concerns with the chrome, environmental, transportation and so forth, can and will be solved, but it may take time. Provided the governement has assurances that these concerns will be overcome, moving the nickel project foward is a no brainer and shouldn't break the bank too much. Nickel first, chrome later. Hence the reason Noront, who has quite the nice chrome deposit, doesn't talk about it much.....yet.

Just my two cents.

djje

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