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: Sedar - Material change reports and Other Oct 21.
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Using the 4% termination fee rule, Wlyoo's proposed loan would be enough to cover a $23M termination fee - or a bid of ~$1.03 (based on 563M shares).

563M * 1.03 * 4% = $23M.

So Monday, Wyloo comes in at $0.98, and then Tuesday BHP shoots Twiggy another nickel. :-)

Hobbit

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