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: Lots of info here

Lots of info here

posted on Mar 14, 2009 08:03AM

I have spent a good portion of my time last evening and again this morning, reading and rereading all the good posts on this forum. Although a lot of it is individuals raging against the powers, there is a lot of points that come to the surface amongst it all.

The first point I picked out was the 43% retail number. Where does this figure come from. Who determines it. Is it not a figure that the company comes up with to use in public statements (usually as an attraction to potential investors)? Also what constitutes retail and what does not? If I have an investment here in my own name it would be retail, but if I have that same investment in my company's name is it retail or commercial or what? Suppose they have a purpose being able to state that a majority of shares are other than retail? Which would tell us that any attempt such as the proxy vote would be doomed to failure.

Regards

K



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