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: franz

Actually I would think that a spinoff would be one of the primary discussions at a directors meeting at this stage. It is such a logical way of deriving full value from both wl and de. Unfortunately although they may decide now to do it, it would probably take in the neighborhood of 5-6 months to achieve it as there are many hoops to jump through to achieve the end result.

K

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