the CEO's talk

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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djo

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the CEO's talk

posted on Dec 17, 2008 03:33PM

If memory serves me correctly,as of Oct. 28th AGM NOT had approx $ 25,000,000.00 in the bank.After listening to Mr. Hamilton on Agoracom I believe he said that "at the end of Dec. NOT would have approx 30 to 35 million in the bank. If you add the $18,116.000 to the balance as of Oct 28th there would be approx. $43,000,000.00 .They have been there in charge as of the end of Dec. 2 months,if the $ 30,000,000.00 is accurate , then NOT. has gone through approx. $13,000,000.00 in 2 months.Windfall had already had been put into maintence mode as of the of the AGM.,so this seems a far cry from yhe $2,500,00.00 a month that Mr. Parisotto stated in their talk of their burn rate.If my numbers are wrong please accept my humble apologies ,but it is important to let them know we are watching.