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: Let me try to understand...

Wyloo formalizes their bid @ .70. The BOD then goes out and exercises restricted shares @ .81 !!

Are they really expecting and prepared to sell .81 cent shares for .70 ?? or are they expecting BHP to want more shares but have to pay a higher price to get them ??

I was a buyer this morning on weakness . Very interesting !!!

Rico

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