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: Platinum trading UP!

Unfortunately volumes are not high enough to indicate an impending NR. I would watch for increase first but more disconcerting is it is now so close to holiday period shutdowns are close. Labs, offices and field are taking a break. I would imagine anything that warrants a NR that lands on anyones desk would have to happen by close of business today. No area plays are moving in either SP or volume so I would suggest we are status quo till the new year.

IMO and best regards for the season all.

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