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: Dundee's done the big Croc......

Cos,

When the PP closes, just like an announcement of offering, they should announce that it is filled/completed, correct?

Early completion of the PP and announcement would be a NR, without use of drill core data/visuals/etc., that would demonstrate huge confidence in NOT by big players.

Any insight/commentary on this issue would be great.

WW

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