New BOD

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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From_Sudbury

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New BOD

posted on Oct 29, 2008 03:22AM

My main concern is dilution....a couple thoughts with regards to that....

First, keep in mind the number of shares RN and other current board members owned for all there years of service......in addition, options were granted at much higher prices to where the stock is currently trading......the new board should keep this in mind when deciding on options for the new BOD's

Second...if the share price was to get back to where it was, it is likely some options previoiusly granted would be exercised; thereby providing additional funds to the treasury

And lastly.....there is obviously trust issues with respect to the new BOD....if they are to do a PP to raise additional funds, they should consider a rights issue; thereby not seeming too opportunistic....I think this would go a long way for them to create some credibility with current shareholders