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: June 2014

I wrote a bit on TA back in the summer, we were discussing the slow fall from the new highs of the run to .70 this year.

Normal pullback to moving averages or trend lines (was) to be expected, it being at the .56 level, .46 worst case scenario because there was a gap in the chart there. Lowest trend line would be .28 cents off the bottom of the .15 cent low. I added I thought that was very unlikely unless no news, or bad news.

Well here we are, back at the February low, 10 months erased, I cannot tell you how convinced I was that this was NOT going to happen again, and our last run was the pay for all long time committed investors.

Sickening, and nothing to add, its been foolish of me to hang in on every run, but I have been completely convinced it would be just as foolish to be out. SO many trading opportunities lost, hate to count, I repeatedly break the cardinal rule "don't marry a stock" and "don't add to a losing position...."

There must be a reason, because I know better.

This one is a head scratcher.

Good luck longs (sigh)

GS40 almost 50 now.

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