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: SPOKE to RN THIS PM

DD - did RN give you the 9-12% number? That would be somewhere between 12- 17 million shares! There has not been that many shares traded in total over the last several weeks!

I believe you are confusing Sprott Asset Management ( a mutual fund company) with Eric Sprott, who sold his interest in Sprott asset management. As far as I know, Eric Sprott still has his large position in Not.

Can someone correct me if I am wrong?

Shortty

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