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: Preliminary site visit report
101
Apr 30, 2010 08:56AM
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Apr 30, 2010 09:22AM
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Apr 30, 2010 10:05AM

Hoov, thanks for the great report. It is appreciated. I also would like to respectfully ask a question. It is about the drill at AT-12 that may apparently soon be available to someone else.

NOT has a 50/50 JV with PRB on land just north of Eagle Nest. PRB is currently the operator, until March 2011 at which time NOT will be the operator for 2 years. PRB has indicated that they plan on deep drilling in search of nickel on this PRB/NOT claim that is only 400-500 meters north of Eagles Nest. It is my understanding that PRB needs to get a drill (I believe a deep drill) before they can proceed. I had heard previously that PRB was hoping to use one of NOT's drills. If PRB hits nickel, NOT will substantially benefit. Since NOT has a very significant stake in the drilling results for nickel on this JV land that is so close to Eagle Nest, I was wondering if there was any mention on your trip about NOT possibly letting PRB use one of their drills.

Thanks in advance for your thoughts.

Profitz

16
Apr 30, 2010 11:30AM
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Apr 30, 2010 05:42PM
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