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: RE: Try this

RE: Try this

posted on Sep 18, 2007 11:43AM

SPQ/KWG got very good results on Cu, but with a large float and limited cash on hand would see excessive dilution to in order to finance a signifiacnt ramp up in drilling. FWR has its hands full. ROX insufficient cash and limited base minerals experience to go full steam ahead. Probe somewhat likewise. Thus between field trips and backyard BBQ's, NOT steps up to the plate (has the cash and experienced team to move quickly) to get the ball rolling. After a couple of months getting the properties matter all lined up and squared away, they (NOT) by agreement (and having been given a property that held one of the several best prospects) puts in the drill right off the bat (puts in the probe and pulled out a ROSE) and do much better than any of them could have expected (thus the fast act on security/comm ban etc.). On top of that they find Ni (even much better than their (collective) breatest hopes). Now they need to move extremely fast to ensure that they and there respective share holders get the max benefit from what initially looked to be very good area play. At present thay are tuning up the larger play by reassuring each other that the way forward will lack acramony and allow each co that plays there cards (cash and exploration) well will come out way out on top. REMEMBER: VOISY'S BAY DID NOT JUST HAPPEN AS IT PLAYED OUT DUE TO PURE LUCK!

Old Joe

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