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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Hi Lance,

To me the obvious one would be to keep some ammunition dry for when they need it. Right now holding at around $2.00 allows their supporters to accumulate in the market for around $0.50/sh. It doesn't cost NOT anything to do this as they will swap them for treasury shares at the 4:1 ratio. Once the FWR pool dries up at $0.50 they can drive the price up again on a bit of news and shake loose a few more shares and so on and so on. At each price point there is going to be someone else that cashes out.

Just my guess (and I have been know to be wrong!).

... Been There

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