Re: SEDAR

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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Re: SEDAR

posted on Nov 24, 2007 05:36AM

This was a disposition carried out privately on Nov 16th with a price of $.30 at which time the fair market value was approximately $4.20. It comprised 10% of his total holdings which remained 1,742,90 shares after the transfer. This sounds to me that a transfer to family which has a deemed FMV of $4.20 is tax planning and further upside capital gains thereby also transfered to spouse or children. Just part of smart income splitting in my view. Other view? JMHO