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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Just want to run a check on what you said, Curt. I don't know for sure, myself. But I have read that it would be most unwise to wait until the last month or so to top up funds. It has been claimed this should be done not later than six months before projected exhaustion of working capital.

Any other thoughts on this? I think based on their experience, our Directors should be right on top of this and ready to follow the optimum path.

Best, O.F.

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