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: FYI

You know it really depends on the role that RCF played in the baffinland deal, I too was a shareholder. Remember initially AC Mital was in a bidding war with another company and it wasn't until they struck their own deal to "share" the deposit that the bidding war stopped. If they hadn't agreed to split it we could have seen a bidding war that had the potential to make us alot of money. The selling price was indeed rediculous for the size and value of that deposit.

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