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: Regarding majors.... how fast could things get moving?

This is the biggest poker game of RN's life. The nice thing is that he is the big blind, has a great hand and can wait people out-to some extent. If I am a major looking at this, what is my position? These majors are not emotional. They do not act on impulse. They do a ton of DD!!! They are accumulating knowledge and trying to get a hold of who else is in this game. This is where Robert Friedland was a master. He would craft up a situation to polarize the situation. Something to grab headlines. Remembering the Big Score, he kept hammering those boys down in VB to keep drilling, that we needed more to be able to build this up. Well, that is exactly what NOT is doing right now. Drilling every hot spot as fast at they can trying to find more nickel in them hills...I mean swamps. Robert was also a master of the press and used them to his advantage to drive the SP up. Now, that has changed and it is harder for RN to grab headlines without crossing the line. The high SP played well for Friedland. He smiled everytime it went up and reminded both Inco and Falconbridge CEO's of it. That rising SP in the end really hurt the majors and that is probably why some Majors may be involved in keeping our price down. How long can they keep it down? Well, I have a feeling we will never see our true valuation no matter what the news is. If news should get us to $10...they will let us go to $5, then slowly hammer us down. If I am RN, I know this and I have to be smarter then them. I belief Misfit was right when he said we may get a deluge of NR, not just from us but from many players around the RoF. WSR/MTX hit their 131M of copper/zinc back on June 16th. We are over 2 months now waiting for assays of copper/zinc which do not take that much time normally. Mid September FNC should have visuals of C1, FWR should be drilling, WSR has 2 drills going and have not reported anything for a long time now...So I believe we will see NR from all corners of the RoF and create a buzz bigger than last year. This will make it very hard for Majors/Bay Street/Manipulators to keep a lid on this story and on our SP. Keep the faith evevyone, I believe we will see some fireworks very soon. I would love to see the word HALT as we all know RN will not HALT again for anything but something MAJOR!!!

Sorry for the longer than usual rant...just random thoughts of someone convinced about NOT but getting a little bord with the market.

Cheers,

Glorieux

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