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: Some perspective here

Still room for lots of movement in the stock yet. It is still considered speculative and it is not a sure thing. To get a big move you need to confirm another new high grade area of nickel, meaning in the 2 to 3% Ni range and significant length. Extending what we already got is good, but will not make much move on the stock. The big guys know and there still is a long way to go to prove up the critical mass of nickel ore. So yes, I see lots of moves either way. The present problems make some difference, but not major since they are expected and will be worked through.

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