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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Bully,

you said :-

"A cursory history of the BAJA deal, although there was share dilution required for the mining equipment required… the financing through their “consortium” was done through “equity”, my read anyways."

That's the way I read it too. Also worth noting, that mining equipment now becomes part of shareholder equity which, to some degree, offsets dilution.

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