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: NOT/Cliffs
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SN,

If someone else hits nickel it's a brand new ball game.

Would think that such an event would accelerate Cliffs plans with NOT et all.

(Also think Cliffs are going for 10% of FWR andSPQ; they will be the developers and miners.)

AFS

(Long and strong on NOT)

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