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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HI RepairMan,

252,000 were acquired at average cost of C$0.61 per share.

If they were one side of 5.7Mill. cross on Alpha that would add up to 6Mill.

Leaving 15Mill. to acquire earlier. Looking at volume chart points us to early

november when large number of NOT shares were traded resulting in 40+cent

spike in share price. Our respected poster K.. might have obliged them with a load of

shares at $0.80. Some other astute posters might have done the same.

I was not savvy enough.If above is even close to what transpired, funds average

cost for 21Mill. shares might be 75 to 85 cents.Not realy that important.

What is very important and long overdue is that our long suffering posters

at last see meaningful increase going forward.

Sincerely wishing GLTA.

Fossil

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