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: A Major

Just reviewing the comments on my hypothetical major. I realize there isn't a scientific resource estimate for the chrome but we have enough holes drilled over huge acreage that have assayed results. These assayed results have shown better than world class grades with very favorable cr/fe ratios over impressive widths that are not that deep in the ground. Its not such a great stretch to make assumptions on some continuity of the ore body, given the nature of chromite beds. Whether it is worth 10% insitu depends on a lot of factors but at this stage, lets be conservative and I think 10% is conservative. There is too much empirical knowledge even without a 43-101 to ignore, which of course gives rise to Rek's black swan theory. Khareema's calculations are estimates but they show how the value is unfolding across McFaulds. Another couple of beer and he would have been more accurateLOL. I have become a believer in the chrome and its potential and with the nickel, it is a slam dunk.

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