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: No sweat this time
No sweat on the ONT mining plan, Gravelle recently stated that the E-W road into the ROF has been scheduled for 2015, with a delay that is to say. This piece of info looks like mustard after the meal, but is not. You need to add Cliffs' close call to seal a deal with the provincial authorities. It is the best clue that it will be brought on within the infra budget now available. Parameters are difficult to measure, you cannot simply calculate little less traffic jams in Toronto versus a CA$ 60 B mining project up North. Nonetheless, shareholders can be more at certain that the ROF is on this time than looks like being the case from the reactionaire.The selfconfidence towards the project has grown tremendously. Experience with infra budget allocation tells you that the best bets are with the most potential for the future, the 2 or 3 mathematical modelling being used for such Capital allocation (Asian Development Bank, World Bank and the instrument of Deloitte Consulting) all point in the direction of the ROF. A politician needs to underpin and substantiate choices being made for the public. It goes without saying that the earlier promise or commitment for federal and provincial government still stands. The initial amount required is just a part of the available millions for infra. There is no reason to sweat this time and no doubt whatsoever. I respect a different opinion, although you need to know that the more doubt you as a shareholder show, like is done today, it no longer builds the case. The plan today has nothing to do with promises made to FN, 2015 existing schedule for a road or the mentioned commitment. So, no sweat this time. It has become more psychology than politics, mind you the odds are that many are wrong in their doubt on what is going on. RCF protects retail for a low-ball offer, they currently have the better view on the process well ahead of our befindings today.
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