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: I am excited! Market is confused - SP will improve shortly...

I am excited! Market is confused - SP will improve shortly...

posted on Aug 06, 2009 11:30AM

Current information

I look at the drawings - and I know the market does not like the second lens, it looks like it might only be 2-4MT at 1.1% Ni (but could go forever to the north?)... And the third deposit in the last few meters was not in heavy mineralization so that hole might end... What if we only found another 6-8MT... Not likely...

Here is the good news... There are a minimum of three lenses going to the surface. Reminds me of a lava lamp. There is more likely than not, lots of lenses not 5, or 7, but more likely 9 lenses and probably larger lenses at further depths... But one thing I am confident in is that we are going to need some drills that can go down 3,000 meters.

We have a hole where we only have 300 baren meters out of 945meters. Pretty good for our first hole at depth

We are going to have a mine. From looking at these drawings I believe we are going to have a minimum of 25MT but think 100MT is still not unreasonable.. Share price should be at $5... I don't see how we are not jetting up...

Share placement - Great News

$2.80 placement (that is super strong!) - any idea what kind of deals are out there right now if you have cash in this market. You think for a second these guys are making this deal if they don't think they are buying something worth a minimum of not $10 but $20 per share. Condos in Miami that use to sell for $1100 per sq foot ar now going for $80. Cash is king rightnow you don't do a deal unless you are getting incredible returns.

Only time can make me right...

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