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: New vs Old resource comparison. Ni,Cu,Pt,Pd
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Here it is with $$$$ at todays prices... we went from 1.97 billion to 9.25 billion

Old resource
Tonnes
Indicated Ni Total Pounds Cu Pounds Pt Oz Pd Oz
Massive 233,000 6.52% 33,421,520 3.45% 17,684,700 14,500 91,400
Disseminated 1,601,000 1.30% 45,788,600 0.85% 29,938,700 51,700 139,100
Infered Massive 217,000 7.00% 33,418,000 2.86% 13,653,640 20,900 82,000
Disseminated 870,000 1.24% 23,733,600 0.88% 16,843,200 27,000 75,300
Total 136,361,720 78,120,240 114,100 387,800
$$ $ 1,356,799,114.00 $ 262,484,006.40 $178,566,500.00 $176,449,000.00 $ 1,974,298,620.40
New Resource
Tonnes
Indicated Ni Total Pounds
Massive 1,300,000 5.31% 151,866,000 2.16% 61,776,000 130,000 352,857
Disseminated 6,900,000 2.04% 309,672,000 0.95% 144,210,000 320,357 837,857
Infered Massive 300,000 4.60% 30,360,000 1.87% 12,342,000 6,429 67,500
Disseminated 4,300,000 1.42% 134,332,000 0.87% 82,302,000 122,857 522,143
Total 626,230,000 300,630,000 579,643 1,780,357
$$ $ 6,230,988,500.00 $ 2,991,268,500.00 $ 5,767,446.43 $ 17,714,553.57 $ 9,245,739,000.00
Total Change 4.59 3.85 5.08 4.59 4.68
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