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: looks like March has come a little early,

Re: looks like March has come a little early,

posted on Feb 17, 2009 12:20PM

This is the only thing that scares me about this investment in NOT and the RoF...I am also turning more bearish vis a vis the world economy. Report out of Japan, the world's #2 economy was especially bad with the last quarter down some 3.3% or something of that magnitude for the quarter...not annualized. Once you annualize this it was over 12% YIKES. They already have interest near zero as well and a stimulus package of 52B coming...cannot see it making a big difference there either. They are giving tax payers 133$ each to stimulate the economy...seriously where is anyone in Japan going to go with that little money.

I know we have the goods and the grades are top shelf but if the world does unravel...will anyone care what we have?

Sorry to be so pessimistic today...just a bad day!!

Glorieux

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