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: Re: ??? Re: Ottawa will "examine" matching provinces 1 billion dollar vow

Challenge is that we shareholders thinks in terms of weeks and months and the gov'ts think in terms of months and years....specifically the number of years until the next election. "Examine" in political talk means some time in the future. The recent request by Bombardier for $1Bil from the feds will get more eyes on than the ROF. Quebec is the Libs and Trudeau's main area as was Alberta for Harper. The Feds can appease FNs by concentrating on their promises of nation to nation recognition, social, education and economic improvements all which will cost less than the $1Bil for the ROF. IMO they'll wait and hope the economy picks up enough to justify the investment. The prov Libs will get cover by the Feds and appease others with major infrastructure in southern ontario. Trudeau has never specifically committed to the ROF and it was not in the Lib platform. Not saying they won't get around to it but have little faith it will be before at least a year or so.

Coutts has said the EA will take 18 months and the plan for Eagle's Nest is 2 years away. Hard to see how locking in allocating funding now or in the near future is necessary or prudent for the Libs.

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