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: What I think

-- I don't believe the upcoming 43-101 report will include anything besides eagle 1 resource calculations

-- although I do believe eagle 2 and blackbird 1 deposits are larger than eagle 1; I doubt they would be anywhere near a $15 billion deposit at this time....further drilling may reach this number...just not yet

-- any resource estimate with respect to chromite deposits is likely a couple months away...we only have results on a few holes to date

-- the best results with respect to eagle 2 and blackbird one have yet to come

-- we will soon have eagle 3

-- blackbird 2 may be equally impressive as blackbird 1

-- eagle 3 may be equally impressive as eagle 1

-- Windfall will begin to generate positive cash flow...perhaps within a year....gold prices will go up....and our Windfall project will add great value....more than the percieved $1.00 per share

-- Burnthill will eventually add value to NOT

-- projects in Mexico, Hungary and China will eventually add value to NOT

-- NOT will benefit from positive news coming from other area players

-- several 43-101 reports with respect to the ring of fire will be out by this same time next year



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