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: The first of the easiest things for humans to do......?

Complain. It's a natural response to stress, fear, lack of understanding.....and everyone of us does it at some point or another. If we can increase the understanding a lot of the other stuff begins to disappear.

So many people have hung on for the ride and didn't realize it would include a mud...or blood bath...if you like, that would not be too comfy an experience. So here we sit at 1.06 when people were wondering what to do at 1.25 or so. Now you know what you could have done right? 20 20 hindsight. So I ask again after a long period of time....do you know what you're going to do when NOT takes off?....and it will before too long. Have you set a price to take some off the table? It's that time again to think about it because it's coming....count on it! I sold most of my NOT at around 1.25 or so and today bought back several K at the days end at 1.06. I still expect there to be more of a drop yet but I'll be picking up along the way as I did today so as to leave room for error. Some speak of 1.90 and I don't say it's impossible, particularly if there is a final attack on the sp to clear stops etc. The important thing to remember is that we are at the point of changing direction and those that are in tune with it will have cause to sing. The comments from the dear departed are positions that I'm suspicious of and I somewhat expect they were designed to be triggers for others to follow suit. We are experiencing a typical PP shake down that serves those taking the pp and those that benefit from the sp drop. It's prime for those that knew how to play it. Now comes that understanding that I was talking about to reduce the frustration, fear and what have you.

It's in understanding that which is going on that will put you in the driver's seat, which Babjack pretty much has down to a T..... in my opinion. You also need to promise yourself that you won't allow yourself to ride things down to the bottom and rationalize it by any number of seamingly altruistic philosophies or trading practices. It is a well known and effective practice to buy lows and sell highs. Everyone has heard it but few practice it. I bought some gold and silver stocks with the NOT money on a low day and was able to relax as even the lows of subsequent days barely touched my entry prices. This achieves a certain risk aversion and the greater calm that comes with it. The choices ahead are yours, to repeat past mistakes or to grow and become more of what you really want to be as an investor/trader.

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