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: SGS Mineral Services Toronto

I attended the lunch last week with several other NOTlers. We came away convinced that things were going well and that there would be some imminent news.

My guess is that they had some of the assays, were expecting more and were waiting for their QC company to verify whatever assays they had. Then they find out that the assays are no good (ie scientifically not valid as they obviously had variances outside an acceptable range). This does not mean that the grades will not be very good when we finally get them.

Scared off a lot of little guys. I was back in a week ago and am still long.

I think everything is stil pointing in the right direction, but we could well have quite a wait before we get the new assays. It's time for golf and some zzzzzzzzzzzzzzzzzzzzzz's.

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