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: So... who have we lost? Please respond if you're still around...
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I'm sorry to say that until ALL of the casualties from this financial debacle are recognised NO amount of news is going to move anything.

I think they are in a hold pattern and in my mind that is the best thing they could do, though it's very frustrating. We have watched the SP go down with every single NR why on earth would they add to the decline of the SP by continuing to announce more pieces of this complex puzzle.

The markets haven't appreciated one shred of news and there is no reason to think that would change. Until this settles down we aren't going to get any respect for anything.

REMEMBER YOU ONLY LOSE MONEY WHEN YOU SELL, NEVER WHEN YOU HOLD.

NOTHING HAS CHANGED

Lance







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