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: Compare NOT with GCR and ARU on their ouitbreaks
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i am not sure but i think the # of shares issued for aru at the time of their discovery was significantly less then the float on not. if my memory is correct that will go a long way to understanding the lower volume activity. yes i know there are other factors but that would account for a lot of the variance.

share float does make a big difference.

not sure about the gcr story.

be right and sit tight.

regards,

jeff

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