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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Sum4All,

Thanks for your feedback. I think we see things the same way.

I said "I personally expect at least a doubling ... by the end of 2008."

A doubling is my minimum expectation for the rest of this year.

My main point is to encourage taking a somewhat longer-term view. Would an eight-fold increase in about three years disappoint your "expectations"? I will be happy with that result.

Rek



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