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: Cliffs bought UC McFauld lake property

I understand UC wanting to place it's efforts in PMs but it's bad news for the ROF and I think unhappy for those that saw UC potentially holding great wealth in the Canadian north. They are clearly too small to tackle anything big so I suppose that's the way it was always going to go. They're investors are still waiting in the basement on Mexico and now they'll never deliver anything in Ontario except to CLF. Billions for 6 millions. Another CLF grab. I haven't owned UC in a while but I'm still disappointed. Others see it with a positive spin......I'd hoped for more.

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