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: RCF/BAO

"So again I'm guessing that their average cost so far is at 60 cents or slightly below.
Eight interest payments so far were done on the basis of average price as high as 61.74 cents and as low as 18.91 cents."

It is probably fair to assume now that their average price is some where near 50 cents.

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