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: BNN link now available

Thanks QQ girl for the link.

Using the same evaluation, as on our forum, here is mine for the telecast re the ROF.

Bruce Durham (Temex) - 4 1/2 stars

Mackenzie Watson(Freewest) - 1 star

The latter's estimate of 3 - 5 Mt for DE1 is meaningless unless it comes with some explanation and estimate of grades. Futhermore, I did not get the impression that he was very technically oriented. Nontheless, I believe that it is on the low side from a geological perspective. They have limited exposure at the ROF, based solely on following the original staking by SPQ et al for diamonds. He commented several times that NN was associated with DeBeers as well as Spider and KWG. The DeBeers' connection doesn't ring a bell in my book. The latter for sure, but not the former.

Bruce, however, came across as a very knowledgeable explorationist. Was on the ball immediately after NOT announced the discovery at DE1. Would put my money, if I had any extra after buying more NOT shares, into Temex.

Cheers

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