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: OK lEts be clear on this...
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It appears clear to us, Polylabel, that the majority of warrants were not exercised.  If our analysis is incorrect, I would suggest it is so as the result of some very convincing buzz directly into the holders' ears.

We'll all know soon enough (if not today, by early next week, anyway) what did happen yesterday.

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