Short positions

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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Francis Dube

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Short positions

posted on Nov 18, 2009 09:38PM

NOT - V	2009-11-15	971,500

	NOT - V	2009-10-31	971,500	-18,000

	NOT - V	2009-10-15	989,500	307,300

So we still have almost 1M shares shorted. These are all in the money shorts right now. I believe they will start to cash in those profits soon and help our SP as these profits can dissapear pretty quick with the right NR.