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: The good , the bad and the beautifull

The GOOD: we got news and we we were all waiting for that eagerly. Some of it is old regurgitated stuff some of it is new and some of it is important ie the confirmation of how many drills and the fact that the big one are "reaching core". The infill is important AND THEY ARE MAINTAINING FOCUS ON IMPROVING THE RELIABILITY OF THE INFO. moving the status of the n43-101 to proven. what is not written is that they have to have a strong reason to spend that kind of money there. If not they would be moving the drills. AT12 is still atractive, JJJ is interesting as a side play right now and with gold the way it is it will gain more importance, but this management team has demonstrated that gold is not their "raison d'aitre" as they got rid of Windfall to concentrate on ROF and that is a good gold play.(imo).

THE BAD: Institutionals are going to continue the games. they have to to average their costs down. Dont forget a lot of them had to be bying at the high time $4 to $7 because there was big volume back then and we all know retail may push price up on small volume but institutional has to be bying when volume is huge. So look foir more day trading to occur

The beautifull; It takes years to build a mine. More dificult then building a mine is to find a company to invest in that will find it, promote it and build it. Although we may not like what management is doing and there are a lot of fans out there to offer advise we do have to rely on the team because they are the ones playing the game. This is the first period anfd this game is going into overtime. Anyone working hourly wage knows the payoff is in the overtime

no reason to quit yet ! keep your eye on the puck and your stick on the ice.

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