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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: Re: PP with Resource Capital Fund; Baosteel exercises option to participate

To maintain their share ownership at 9.9%, would Baosteel not need about 1.9M in shares only? They took around 2.5M in shares, which is around 600k extras or about a third more. Either, I am missing something obvious or it seems that they have increased ownership by about 0.6% which would give Baosteel 10.5% of Noront and as such they have taken the plung and are now formally insiders and required to report. Sending a message perhaps?

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