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: new ceo / new board

All fine and dandy but and this is a huge but....WHEN WAS THE LAST TIME YOU SAW SOMEONE FIRE THEMSELVES...Wes isnt talking like he wants to leave, there are no rumores of unhappy board members re Wes.

Parisotto/Pinetree have their own board reps and anyone with more then 10% of outstanding shares has POWER ( yes pinetree by itself may be under the 10% but combining the relationships it has, DOES). so retail does not apoint board members, the bankers do we simply ratify their apointments.

The hedges at least the bulk of them have their costs way over the current mkt so they have to baby the investment and take small gains from the mkt fluctuations to make some of that up ( we can do the same). Hopefully they dont all bail at once when they reach near breakeven.

The hegies and funds have their own advisers as well and this is guiding the direction the company is going. they tried something didnt work so take your lumps and move on to the next plan. These actions are NOT RANDUM. They are calculated to optimise returns. Sometimes they work sometimes they don't. They will continue trying until they have the formula down pat.

We used to talk alot at one time abouit the TRAIN leaving the station, we as stock holders are passengers on the train. That is our ticket. What railroad will allow the passengers to be conductors? Sit tight and enjoy the ride or get off at the next stop. Our only options at this stage. The rails are good and the tracks although with many curves, are solid.

Remember exploration is trial and error. you have to sink a lot of holes before you are reasonably sure of something being economical.

Investment is calculated (due diligence) risk / reward.

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