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: Pinetree Capital

"There is a real danger that a lot of new base metal investment is going to get much greater scrutiny than in the past as investors look for more certainty. Its a big headwind for a multibillion dollar commitment."

Rapidrob,

I welcome some harsh scrutiny in this sector. We have the goods...Cliff has done their homework and and continues to buy...Not is drilling.... These are the early days so let us be judged for what we are. I prefer to get in early and I'm willing to accept a greater risk.

rosehill

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