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: Platinum up 9.5% today

Platinum up 9.5% today

posted on Sep 22, 2008 11:50AM

NOT up 8.5%.

Weak dollar, strong NOT.

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Platinum Jumps Most Since 2000 as Dollar Drop Adds Hedge Demand


By Halia Pavliva

Sept. 22 (Bloomberg) -- Platinum gained the most in eight years as the dollar dropped to a three-week low against the euro, spurring demand for the precious metal as an alternative investment to the U.S. currency. Palladium also rose.

Weakening for a fourth day against the euro, the dollar extended its longest decline since June on speculation that a U.S. Treasury plan to spend $700 billion buying troubled assets from financial companies will widen the country's budget deficit. Some investors buy precious metals, including platinum and palladium, as a store of value when the dollar declines.

``I expect we will continue to see a strong precious metals market as there remains very few places for the investment flow,'' Miguel Perez-Santalla, a sales vice president at Heraeus Precious Metals Management in New York, said today in a note to clients.

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