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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One way to look at it. Another is that road and rail access will be built anyways so why not find out just what we have and how much in our vast claims.

There is no guarantee that Cliffs will buy our chromite any time soon and certainly not in time to help with our exploration needs. If any interest from them it will be to buy us out, keep the chromite and sell the nickel plus for financing of infrastructure costs.

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