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: Agreements and Permits.
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Sep 11, 2012 01:35PM
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Sep 12, 2012 12:54PM

"The difference here however is that NOT has so many claims around there and so much potential, that I doubt that they will stay much idle as regards to exploration."

I think we've blown the wad for the hype on our potential. As a matter of fact we've really gone quite a bit beyond that with our resource and being part of the "biggest things since Sudbury" with the myriad of articles on the ROF and politicians talking it up. As far as staying idle, I believe that they said that their emphasis would be moving towards developing a mine with further drilling used for defining what we already have. Further potential is nice and what we'd all like to see adding on to the bottom line but I suspect from here that we'll see most of that after we start mining. At this point I think we'll need a starters pistol to signal the mining start to garner any greater interest in "potential".

Emphasizing a mine development and less on exploration may be a better approach for financing as mining yield profits while exploration just shows potential. I think NOT needs to demonstrate the potential to make money to attract investors or takeovers.

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Sep 12, 2012 04:55PM
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