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: Improving Loony!

Ed,

I agree, we need to find other places for our oil to go, and not at discounted price.

As for the loonie; with the USA our only major client, with the loonie being lower, us oil companies make more. Since we are paid at a US dollar price, it is worth more to us when the loonie is lower, even though we sell at a discounted rate. The change in our loonie doesn't effect this rate, as this rate is set in American currency. 

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