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: FSDI results by end of year....

NOT really should start to embrace the Chinese window of opportunity. Did Alan visit China for this purpose yet ? Did Smeenk ? Is it not a bit arrogant to check out smelter locations at the end of the projected E-W road while Chinese are having a go at the N-S railway ? Does this fit shareholder value goals to do so ? Going to St. Maire, not to China, is the wrong tone of voice for this instance. It is a statement out of sense for reality. With the railroad surely comes the major Chinese investment in the ROF's assets. Very unlikely that Chinese will finance and build railroad without the having the goodies. RCF needs to think about the reasonable pricetag given the situation, and we should stop provoking through childish action for searching smelter locations on the wrong side of the spectrum. It is counter-productive to the process KWG has started. NOT needs to be less defensive and open up to the larger -Chinese- picture that has arised two years ago. NOT needs to focus on an exit strategy.

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