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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Dear ignite,

With all due respect but you may set your target price a bit higher. There is no way on earth that RCF would accept that kind of offer. If we take our old high of approx CAD 7 than a major (like X2) would only have to pay 2.3 bilion dollar and that is "nothing" for them. As far as I know RCF is in the game for the money!

So my first target is that 7 CAD but I'm convinced it will be higher.

NOTE : I'm talking about a take over as I do not see NOT going on this alone. They need to build relationsships with clients, make contracts, creat distribution channels etc etc which a major company like X2 already has.

In any way more exciting times are ahead.

Good luck to all.

Jean

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