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: BMK NR

The ROF is going to get very active. Roads/Ice and all season will cut the costs for exploration. Noront will be the 3rd mini/major soon. It looks like infrastructure costs will be divided amongst Hudbay, Cliffs and Noront, with support from Webequie/ Martens Falls FNs and provincial and fed governments. Others may start to show the wallets soon.

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