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: A Friday night posting, Pilsner included

Hi franz,

I want to thank you for bringing me back to reality in that speculating on a very high stock price is still being very optimistic at this point. (I also wish I had your timing for selling and buying back in.) I like your level-headedness.

I would like to point out though that due diligence is what highlights the fact that NOT has such stunning potential. Due diligence also reveals that the current sales price is below what I consider to be the appropriate value of the metal that has already been discovered.

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