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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That is a fair assesment but remember that the company is not totally in control of the time line. It is dependent on Ontario and possibly on the native communities along which the road is to be built.

As for our mine it has to take second seat to the means of ore transportation. So no commencement of mine construction until the company is assured, publicly or not, of initiation of transportation route.

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