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: Rebuilding value - Buyout sh price?

In summary, RCF, BAO and almost all there current shareholder's have paid way, way more than what the company is trading for. RCF and BAO would need at least $1 to break-even.

JDR........Baosteel's average is $0.84 and RCF's is (rough guess) in the low sixties.

GLTA,

Fossil

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