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: Re: Let’s hope we don’t get burned by this Ring of Fire

"Whether the current flurry of Ring of Fire prospecting activity ends in working, profitable mines like the Victor project, or just leaves a bad taste as the Planitex debacle did, is an open question. As is the long term nature of the mineral finds being talked about and the hoped for sustainable development it will bring.

For a province looking to strike it rich in the North — as they say in Hollywood — don't quit your day job."

Wow wow! Who pays for his slant? A lot of truth in what he says but all he really had to say though was "no guarantees".... two words, instead of a slurry of negative paragraphs outlining circumstances from other places and situations as to just how iffy it would be to have any expectations about the ROF. Notice he didn't comment about CR when he said there wasn't enough resource proven to say nothing of NOTs updated resource.

So we have the slurry makers heaping %$^& and the MMs holding prices down. I can't say I like where this seems to be going and I would like to think NOTs investors would side with making a lot of money as opposed to selling out to their keepers (beginning to sound like OJ), but I wouldn't bet on anything at this point. Regardless of what the NOT BOD would do we don't know which way investors would vote. Many thought they knew which way FWR would go.

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