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: Just figuring

NOTers

Just sitting here figuring a couple of things. Went back to the middle of 2005 and found that we had about 46.34 million shares outstanding at the time. We are now about the 240 million shares outstanding. This means that we have diluted our share value by 5 fold in this time frame. My thought was therefore, that without this dilution that our share price today would inversely be Worth five time as much as we presently see. Deduction therefore says we should be worth five times the cent level of Dec 30th,or $3.85, if share value increase corresponded to dilution rates. I think 2012 will see a leveling out of this discrepancy and with that, Best of the new year to all. the deputy

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