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: No Major needed

No Major needed

posted on Nov 19, 2009 10:37AM

Wes is looking in the mirrow asking himself: Why need a Major ?

Why settle for 10% + of insitu value when....

......capex to build a winter mine will be feasible on stand alone basis.......

......straight down, no dikes, no expensive overflow requirements......

......and end up with 100% insitu value minus amortisation capex and interest.

Wes will mine this alone for all shareholder' sake, financing can be done on basis of near surface metal recovery, it is unique and rare, but Wes is getting it done without a Major.

We are looking at SUPERdividends as from 2011 onwards.

Conclusion: Wes has an edge almost nobody has and so do the Longs. It's 100% he's looking at. Capex to build the first part of the mine (financing covered by near surface / low hanging fruit mining).

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