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: PP was/ is inevitable.
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The reduction in the BURN RATE ground work is already in place. Thus the new BoD will have NO DIFFICULTY reducing it to $2,000,000.00 in short order AND ALL THE WHILE BE VERY WELL ABLE TO KEEP 4 DRILLS FULLY DRILLING over the next 6 - 9 months.

So, doing a PP anytime BEFORE Feb. 2009 is and should be OUT OF THE QUESTION!

Old Joe

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