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 Joe. That clarifies it completely. I can't see refinancing being necessary for the foreseeable future, with cash coming in from JVs. But RN did say something about (was it?) 15 drills, so that will cost, along with the expenses of the drilling process on NOT claims. Depends on the timing I guess.

The coming months are going to be fun. I look forward to the spring of 2008, as Misfit said.

strato

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