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: Possible WSR renegotiations??

I have not read the Northern Miner article/News as of todate either but it is suggesting that now that WSR has a tentive agreement with NOT on a JV in the JBL/Rong of Rire, thay are intending to alter the terms of their proposed PP. Exactly what the new terms of the PP will be, we will have to waite and see. Should make for interesting reading. I wonder how it may affect the list of expectant purchasers? Is it increased for oversubscription or to accomidate a specific purchaser, or to affect flow through component, or options, or hold period, or commission to share allotment, or cut back? Will have to wait and see.

Old Joe

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