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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Oct 28, 2008 1.04 1.10 0.91 0.91 978,500 0.91
Oct 27, 2008 0.83 1.24 0.74 0.97 1,280,800 0.97

Thanks again luker. If in fact,original Hedgies(Rosseau etal) were still invested in NOT

on Oct27/2008 as reported,they all must have lost quite a bit on their investment.

We know that they got in @$4.00 to $5.00.Following GM on OCT28/2008 there was

only one rather small window of opportunity to salvage something.That was in second

half of 2009 ( Hole #49?). After that was all downhill.Hedgies never forgave Richard N.

Is it possible that 8Mill. shares Flow-through @$2.80 was to appease those involved??

Guess we will never know.

GLTA,

Fossil

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