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: Back to the future?

BHP continuing with the purchase of any shares tendered to their $0.75 offer suggests they are still after more of NOT.

Rewind 10 or 11 months and that's what BHP wanted then too, but Wyloo blocked them. If memory serves, BHP first attempted to acquire 15%, then 10%, and finally got 5%. Then Wyloo started the bidding...

It will be interesting to see how much BHP gets at $0.75 and if they keep those shares, and their 5%, and proceed on the ride with Twiggy.

Interesting times.

GLTA,

Hobbit

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