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: Spoke to P.Semple on Nov.7/2013
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ANL
Nov 07, 2012 07:06PM

2. re: Financing: The completion of the FS and delivery to Baosteel was a condition for BAO's exercizing its 24 month option for additional share (apprx11M @$1.46? by june 2/2013 option uptake deadline.

Hi Peter.....Your effort in contacting P.Semple and talking to him is very much appreciated.

One small discrepancy noted regarding BAO's exersizing it's 24 month option for

additional shares( approx 11mill @ $ 1.46 by june/2 2013.

Looking at june/2/2011 NR i read exersize price to be $1.16.Is that what necessiated

placing a question mark after $ 1.46?.

GLTA,

Fossil

1
Nov 07, 2012 11:24PM
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