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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A little more on this.....

Friday I was assured RBC would contact me first thing, which they didn't. So I called again. Was told again they can only enter the tender instruction (retain or sell) but do not have the means to split the ratio. So as it stands, 100% of my shares are to retain and if I wish to reduce that amount I have 10 days after tomorrow to have them edit the tender instruction.

I then called Shorecrest again, they said RBC can enter a ratio and offered to call RBC again. Same thing I went through Friday, so I said don't bother.

What is clear to me now is that tomorrow's "Interim Retention Election Announcement" count is a guage only, and the percentage could look quite different by March 24, the "Retention Election Deadline". The % at that time will determine an automatic squeeze out or not if the 20% threshold isn't met.

 

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