Re: email from JJ

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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Francis Dube

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Re: email from JJ

in response to

Re: email from JJ

IAMSUDBURY

posted on Mar 30, 2010 04:00PM

I am not sure what your point is here...as she said, the important thing is that we have 4 that is FOUR drills on Eagle's nest (well, one is still to come) but when you want to build value for a company, resource expansion is the best way to do it. We already bumped up our 43-101 resource estimate by more than triple and now we will have 4 drills expanding that resource and upgrading the resource categories.

I can already see the set up in my mind...Eagle one in the middle with a drill in each corner. Probably 1 deep going North South and the other deep going east west, same for smaller drills so that they can really know what we have. No bulges will be able to hide now!

Then you have another going to AT-12 and then Geophysics continuing to identify other targets. I would say everything is in place to shareholder value while keeping the burn rate as reasonable as can be.