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: where does this leave NOT

Colinj..

Inco was in a 3 way bidding war for Diamond Fields (VoiseyBay).

It was during a time of OVERSUPPLY of nickel and low nickel prices.

Inco's driving force for the eventual buy was to maintain their % of "market share."

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