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: Today

did not have the volume many of us expected and this was a surprise considering all the rumors flying around this weekend.

From what I gather, there was a dispute between the BoD and management. The BoD wants to go back to exploration mode because they hope this will get our SP higher faster and management is saying that they were hired and built to develop this property. Now with JJ gone, it looks like the BoD won and today's NR confirmed that exploration now seems to be the focus again.

The good news for us is that if the big boys pulling the strings on the BoD seem to want to either cash out or at least get the price up so that their year end numbers look better. Either way, I think we will see our price go up when they are ready to move it up. My bet is that by Christmas, we are much higher...but that is just me!

Glorieux

PS: Without reawakening a bad string of posts, the use of the words nasty bitc* has no place on this board. You can think it all you want, but those words are not appropriate here and the fact that so many people support that behavior is maybe why we have lost some good posters over time.

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