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: fwr vs not

Let's talk apples to apples. You mentioned we could be offered $1. Reality check. We are $1.81. At $7 we were worth $7 because the market was paying that. Call it hype if you want but I call it expectations. Maybe we can agree it is the same thing. But if we had $7 expectations with what we hadback then, the same dose of expectations might have crazy dick wide awake today. It's very hard to nail down a moving target and I do get your point. But most of us invested with NOT own it because we feel NOT is worth much more than it is selling for in the market place. If I thought otherwise, maybe like you feel, I'd short the stock expecting $1. Check the short sales and you'll not find too many who think that way.

I think we are undervalued so I have more than I'd like to keep. That is because I think it is too cheap. I'll trim down somewhere around $3. Now I will go back to waiting. It's a discipline I'm still working on.

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