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: Brief chat with office...nothing earthshattering
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I appreciate what you have gathered from your conversation with Wes.

It seems that while nickel supplies may possibly become in an oversupply situation in a couple of years,we all know that greenfield production capacity takes a number of years to come on stream and visionary companies look to the long term horizon of their projects . I hope Wes and the BOD keep this in mind as they move forward.

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