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: Going Forward

Going Forward

posted on Jun 30, 2009 08:55AM

WOW, I went golfing yesterday evening, celebrated not losing all my balls and missed the excitement too, K, LOL. This is a great start for our new leader. The summary is comprehensive and pertinent, maybe a little lacking in enthusiasm but much better than the last six months. The news at Eagle 1 is stellar. They still don't know how deep this is so we can assume it is still open at depth. Glorieux calculations showed our market cap at $85, when our nickel deposit was worth $141million. Take this 65% understatement and more than triple the total for the new reserves yet to be calculated and you get a picture of where this is going. I used the term critical mass to define a turning point in our future worth and I think we have found it, now we have to define it. One major statement in this release that pleases me is we are done drilling the chromite, we have enough to do the 43-101 and we have won that race. Now we will get a value to place on that asset but more importantly, we will now focus on nickel. We have the deep holes to do the BHEM surveys that will hopefully give rise to a new release regarding drill targets and we can focus our drills on those targets. The nickel will provide the wealth and demand for infrastructure. Infrastructure will provide the access that chrome needs to realize it's potential. In the end, this will be a very important mining area for Nickel, copper, PGE's, chrome, and who knows, maybe titanium and vanadium. It's all good!!!!

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