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: TA

Everyone has a thought on whether these recent gains have any meat to them.

Comparing it to the run in August could be questionable.

The period from June to September is typically the worst part of the year for resource stocks, while the period from January to April is the strongest.

This is not a run, but a gradual increase. This trend could easily contiue a slow climb right up to the time the PEA is finalized, which could create a run at that time.

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