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: Xstrata slashes ferrochrome output

Clavis, I am just curious, why are you posting 7 months old NR. They were pertinent 7 months ago but now, as prices rise, you will see these furnaces lighting up again like a chain smoker. The title of your post was especially misleading as readers who did not notice the date would think that producers are still cutting capacity which could not be further from the truth.

I expect a rise up tomorrow am and thru out the week and we should be over $0.75 even with the traders that jumped in last week during the selloff. The only scary thing for NOT was a non recovery in the world economy but this is not happening as the small selloff last week was met with more buying today. Still bullish with many stocks at or near historic lows like Noront. I for one do not think the sell in May and go away will be really a good strategy this year.

Glorieux

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