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: Not a warning but a few honest thoughts I would respect if you considered

I hope what you wrote is not the case. That would imply the 3rd part doesn't want to deal with NOT.V following FWR.V deal. When it was perceived as congenial one could have that hope. In this case, and if 3rd party is a phantom party, then consolidation is not in current works.

SG

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