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: PDAC info- plus windfall

PDAC info- plus windfall

posted on Mar 02, 2009 05:56AM

I had the pleasure yesterday to speak with Joseph Hamilton for about 20 minutes one on one. I also met Paul but did not speak with him. Joseph was very gracious and answered all my questions. I can't add more than what Glorieux has commented on the ROF except for the following.

Joseph was very excited about the AT12 area and things there is good possibility for more findings and he was also very excited about the drilling they will start to the north. They believe there may be zinc up therebut they really want to find to find more nickel etc. and he thinks there is a good chance of this happening.

I did ask him about Windfall and he said there is gold there but not of any significance that they would continue with the ramp. He said that if they went back there it would be drilling and not through the ramp. He did say that they do have the stockpile of all the material that came out of the ramp but it was not economical at this time to send to a mill. So basically there is gold there but not worth pursuing at this time because of the low grade. He said the money is better spent to prove the resources in the ROF.

I also asked him about the China project that Richard had optioned to another company for drilling and he said that the other company walked away due to the economic conditions.

Overall from what I heard Joseph say is that they have a plan and they are building a company for us. I was very impressed in that he answered all my questions. He even explained why the results go to the labs a second time for confirmation on the results.

As Joseph said we are an exploration company and at some point in time we will have all the results and info ready for a major to come in. This will not happen overnight so we all need to be patient and wait. My gut feeling is we will get there. As Joseph said to me don't sell yet and I'm not planning to. I've had this stock for over 10 years now and will wait.

Good Luck to all. Tcp

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