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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I think it may be early to tell although I trust your judgement on this Edgy.

However, the way I see it, these analyst may have to write up reports, complete DD material, discuss with their collegues/bosses before jumping in. Dundee may be an exception since they have had coverage on this for a while now. So far, they have bought 291k shares for $550k this morning.

I think in the next 2 weeks we will have a better answer on how this was received by these analysts. Of course, some of them will write reports for their clients and this takes time to filter down to actually buying shares.

G.

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