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: CBC report 'inaccurate' — Cliffs

Gag order? Yes, I think definitely. PLUS the "packaging" of the 3P JV to build the road/RR/hydro transmition would be extremely difficult given the consequences of failure:-

no jobs; no McG legacy; ON credit rating downgrade; financial mismanagement; spring election etc, etc

Peter

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