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: RCF must really be bullish on Nickel
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Check out some of the moves lately by RCF.

They have commited to $20 to $60 million of share buying of Mirabela Nickel.

Unfortunately for Mirabela Nickel, their huge deposit is costly to mine and there cost per pound of Nickel is around $7. The current price of Nickel per pound is $7.

RCF must be bullish on Nickel to put their money their.

It puts things in perspective of how unique the Eagle's Nest is. The CEO of Mirabela stated that he believes 75% of the nickel industry is losing money right now with Nickel at $7 per pound.

When the cost of Nickel recovers it should bring more attention to the nickel plays or maybe our Chromite will bring us attention first.

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