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: Future hope from Gravelle

Gravelle: “We don't control commodity pricing, but the industry is cyclical. We're in a tough period right now, but it will come back,” Gravelle added.

"The province will be ready to invest in Ring of Fire infrastructure when the mining sector bounces back and commodity prices improve, Gravelle said."

Me: I personally think it would make sense to start the infrastructure before the bounce back so that it is in place and available to the mining companies when that bounce does happen. If they wait until the bouce back in commodity prices happens then by the time the infrastructure is in place the cycle could be heading down again.

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