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: BHP offer details

BHP essentially has 13.6% total locked up.  BHP has 3.7 and 9.9 through lock ups (fully diluted).  If they can convince Baosteel that's another 5-6%.  Plus add to that any tendered shares since offer was made.  They might be close to 20-25%.

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