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: About shorts
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Hi Lar, thank you for your insight as usual. 

With regards to naked shorting though, unfortunately there is no record or reporting of it.  I have long suspected Noront was naked shorted to a great degree.  As frustrating as it is, it will help in the long run as they will be forced to cover.  This is why we often see quick extreme upticks of NOT.  

The current situation lends very well for us longs, there is simply too much risk in maintaining a short position with the likelihood of good news near term.

Take care Lar, hope you're doing well. 

djje

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