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

I guess more like a bit short of 5 million dollars cleared per day.

I expect that our costs for mine construction and share of the E/W road to be just under a billion $s. That means in about a year of production we cover that.

But our production of nickel at negative cost is a misnomer. To say that means that we produce copper, palladium and possibly platinum without profit.

It is like calling a glass half full while neglecting that it is half empty.

I prefer to call things as they really are and not state in so called 'equivalent' terms.

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