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: Outokumpu ... Future Competitor....or Partner?

From your Glencore article Ringer:

"Returning capital is appropriate, particularly after going through a pretty major investment boom we saw a couple of years ago," Walsh added. "They ... will have to optimize the capital that has already been invested, run those existing assets pretty effectively and then look for exceptional opportunities going forward."

I would say the above comment in bold fits the RoF to a tee.

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