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: Gravelle Defends Himself

2 points I would like to make for consideration

1) Gravelle is simply the mouthpiece and figurehead for the ROF on the gov't side. He can't do anything with out Wynne's approval and backing of the entire cabinet as any movement in the ROF of any degree will involve almost the all cabinet portfolios. It is interesting though to note that recently when there is a question about the ROF directed at Wynne she re-directs it to Gravelle. This could mean she has nothing of substance to add OR she is setting Gravelle up for replacement as all the "dirt" is his to deal with and she is washing her hands and trying to distance herself from the debacle that is the ROF under his ministry.

2) Since the Libs won the Fed election, not one word or even a reference to the ROF that I can tell has Wynne mentioned. When the Fed Cons were in she regularly referenced the ROF as one of her major, if not THE major, economic focus. Now that hse is back from her jetsetting to Paris will be interested to see if it gets back on her agenda. Have an uneasy feeling that something has changed and perhaps the fact that the Fed Lib finances are a little leaner and the costing of ALL the other promises to th Fn will take priority for now.

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