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: Well, NOT certainly looks like it's about to enter the deep water....

I very seldom agree with your point of view, Sum, but you often post some very intriguing questions that spark my interest, and in doing so, you lay the groundwork for some interesting debates.

The "going away in May" policy that many follow is one such question, and it applies to the ROF more so than any other. A few examples are as follows;

Noront's hit at Eagle1 occurred in August.

The first results from deep drilling were reported in (June/July?).

The run on FWR started in September.

The takeover of SPQ started in June.

There is going to be a run on Noront this year. The news from yesterday pretty much confirmed for me that it will be sooner rather than later. I, like a lot of us here, are pretty much all in. If we have to wait until September, or even November, rather than May or June, will it really matter at the end of the day.

Best regards

K

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