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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Thanks for the advice on the "in kind" transfer. This will make it easier. I still have to evaluate the "banks (CIBC) vs. investment site strategy. The first gives me quick transfer options of cash in and out. The second may provide faster trades. I will compare options.

I am in Canada so will not transfer into an RSP when I switch. With the capital gains being taxes at only 40 - 50% of the gain, a tax rate of 50% means that The most I will pay in taxes is 20 - 25%, less carrying costs (I always borrow to invest even if I have the cash in order to write off the interest against the gain).

To withdraw from an RSP if needed is fully taxes as income. In my case, I prefer the liquidity and the low capital gains costs.

Now if only I could convince Mr. Nemis to pay dividends ;)

M1.

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