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: NOT VS KWG

One day after i posted that the gap between Noront and KWG opened to a

new high of one NOT equal to 12 KWG it closed @ one NOT = 15 KWG.

In all honesty it did surprise me at the speed that it happened at.

True KWG has to contend with untimely liquidation of KWG holding

of 49 Million shares by Loeb King. Casual observation indicates that

might be about 3/4 complete.I did expect some gain by NOT but only

if it looked that Noront is first out of the gate towards mine start-up.

Right now there is general delay on all ROF progress.

With every increase in the gap in favour of NOT the risk reward looks

more and more appealing for KWG IMO. Still a fence sitter.

GLTA,

Fossil

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