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: JP Morgan

Does anyone think there was significant arm-twisting in getting NOT to sign the agreement with JP Morgan? I had assumed (and still do) that it was arm's length bargaining. Unless it wasn't, and NOT was somehow railroaded into the deal, I think it's interesting that this board is not giving the benefit of the doubt to NOT management in terms of their decision to do the deal.

Good to see Geoprof back posting constructively.



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