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: NEWS - Noront Update and Flow-Through Financing
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Unnecessary dilution ... and a large movement in the balance of power.

Geez!!!

Is there any other reason why we would need $20 million now with $25 million in the bank and a burn rate of $20 million a year?

Especially when our SP is so low and there could be no worse time to beg for cash

I feel like an idiot ... but I don't understand why we need to go to the market for cash other than my opening statement. But then I am retail dirt

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