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 few thoughts
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Thanks for this RL. Clearly Xstrata has considerable experience with ferrochrome.

They have announced permanent nickel mine closures and layoffs in Sudbury. Also have announced a pp on London exchange. Just speculation but perhaps they are retrenching and building up cash for an offer in ROF?

You state that there are some large companies taking a close look at ROF. Do you have some direct knowledge of this or is this just the same speculation we have seen on Agoracom?

SN

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