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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I am of the opinion that there will be NO buyout of Noront or KWG. Maybe a hostile attempt and even they may win, but I am going to say that there will be no sell-out from inside. RCF will have a very daunting position. It would have to be very high of a SP as the potential of so much more resource from drilling from underground platforms is too great. We need to get underground before a sale attempt from management.

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