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: A hint from Wes of things to come?

Cleopatra,

I disagree with you. The off-take deal as well as the JV's were mentioned in the last NR.

The amount of the off-take deal (up to 30%) was Wes's estimate. Not a done deal. He was trying to assuage my concern as to where the to-build money would be coming from.

I am always hesitate to post conversations with Wes on the forum. Wes never gives anything away that is new and significant.

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