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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Currently up 3 cents on well over a million sold on an otherwise down day. Maybe the press last night killed some momentum but it isn't nearly as severe as I thought the response was going to be. None of us knows what is going on behind the scenes but the hints are there that things are moving forward.

It would do us well to dispel with the belief that FN are a homogeneous group because they are part of the Matawa FNs. There isn't a consistent view in any single community let alone across communities. I suspect that Webequie is moving forward as the lead FN with respect to Noront. I guess we will see in the next month or so.

... Been There

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