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: OT: Genuity Report.

Sum, I can't disagree with anything you say. Manipulation in the context you describe is a fact of everyday M&A life. We should take encouragement from the fact that our trading gets lots of attention, it has not been particularly volatile given the market for spec plays (even senior ones like NOT), and the big folks are not uncomfortable with their holdings. So, the trading keeps the gap between sp and value a little high for our comfort. BUT, the big concern really should be a pre-emptive attempt to buy it for $8to $10 per share. Those big holders are our long term protectors !

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