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: A 22% haircut

Agreed.

Why take the avg of 20 days when it would be even fairer to take the avg of 30 or 60 or 90 days? This was to get funding, sure - but also to tip the hat to certain entities.

The only thing I can hope for is that it will still benefit us shortly by having made that hat tip.

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