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: Observations

As you can see I have updated the FD share count on the fast facts whcih now stands over 300M on our way to 350M, IMO.

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mynot...........Thanks for posting lots of info,appreciated.

As for "Fast Facts" report showing over 300 Million FD shares, that would be OK eccept

for the fact that most of the other Cos show Issued & Outstanding shares and NOT FD.

So far only 2-3 % of Options Issued were exercised. The rest were either forfeited or

expired worthless. That might change going forward as Options are lower exercise price.

For that reason i feel that showing Issued & Otstanding shares somewhat better reflects

true picture.

Remain as optimistic as you are looking forward.

GLTY and all,

Fossil

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