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: Valuation
Latest market rumors from first hand is at CAD 1 B for the nickel and PGMs, including the road. For the chromite the price is higher, 1.5 B to CAD 2 B as this is the moneymaker for years to come. These are the conservatieve figures. KWG' standstill agreement brings some uncertainty to a buyer as it has to look at the implications, in the end this will work on a more co-operative basis, we only need one railroad going into the heart. Would be nice to keep Smeenk on board, too clever a man, gas-patent and Chinese railroad to add to a worldclass deposit no matter how the company is valued for today. NOT is looking at a Total of at least CAD 2.5 B, RCF has waited over 8 years to get there just like retail.
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