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: The annual GDP impacts & Government revenues

Eight million dollars a day even if gross is not shabby Indeed.
I think that the 50% devaluation from the gross is conservative. I suspect closer
to 40% or so and leaving us almost 60% ( almost 5 million net).

That kind of money would quickly cover the costs of developing the mine and our
part of the access road.

As for share price, I said earlier that tax loss selling was over blown and so now
covering for that selling is also my same opinion.

I also said that I hoped for 30 cents but on Tuesday afternoon saw that the buyers
were showing weakness, so may not see that 30 until we get some positive news.

Further on, I continue to suspect someone who trades through TD as the agent of doom for the sp. ( For the record, I trade through three brokers but not TD )
Ed.

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