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: More dilution?

Problem is that these shares issued can also be used to keep the sp down and then further shares issued at cheap prices will serve to further dilute and in the end NOT can be taken for a lot less than shareholders deserve. Will it happen before NOT is able to get it's act in gear? We wait to see. I hope not. It truly is unfortunate that R.N. was dethroned to be followed by an unfortunate series of "leaders". But it's all history now. Present leadership seems ok but we'll know for sure when we reach the end of the game. Too many shares out already for my taste.

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