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: Three cheers for the King of the Ring

Getting the chromite with the additional unexplored claims is a great deal indeed. Actually I thought there would be a scramble of who would take this, Probe, KWG, Noront and possibly who else. To get this and at this price is hard to believe.
Dennis, do not get hung up about other type discoveries in the unxplored regions because the odds are with more of the same. That meaning, more chromite and nickel while the precious metals among others are just an additional bonus IF found. The Headline should read, expansion instead of possible new discoveries.

You are next Neville, I am not as pleased with the royalty for a 7% per annum cost to us. It is a better deal to Franco than Noront. The only plus to Noront with this respect is that they have faith in us and were willing to support. They are no chumps.

As for market reaction i had hoped that it would immediately top 60 cents to settle in the 50s. No short term profit taking for me. I'll go cry with a beer mug for comfort.

Babjak, Thanks for that dated linkage re Franco-Nevada. What a sleuth you are. There is no equal.

Finally Djje, again many Thanks for posting practical common sense to this forum.

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