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: Re: What a market.... humbling. I feel sick. This too shall pass.

Sag4Tag, I am really horrified by your scenario, it is very much realistic and that's why this is a high impact message, at least to me.

We are the next ARU, and be happy if we get the C$8 after all. And indeed, now the options have been granted there is no more hurdle for the BoD to sell our puppy.

We will see it blossom to maturity, to wisedom, to big production figures well after we have been bought out. Let's focus on buy out price here, anything under C$8 to 10 and we will rather kill the beast.

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