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: Regional chief wants Ring of Fire revenue sharing – by Shawn Bell (Wawatay News

Hi luker,

Please correct me if I am wrong however in one of the business models perhaps related to full development cost to production there was a number of approximately 800 million or so total in a past document. In that document was reference to 7% of something for FNs do you feel this may still be a realistic number when considering feasiblity of any project within the ROF? Not in particular this one they will all most likely come under the same claims for revenue share?

Best

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