Re: Nitinat 43-101 out on Sedar
posted on
Feb 03, 2009 05:23PM
A few thoughts on Nitinat. I'm on record saying I did not care too much for Nitinat and if I ever recive the spin-out shares I plan to not hold them for long. However, I to have not read the sedar reports in depth so I may be a bit too hasty in my initial thoughts. The 43-101 mentioned is not a "resource calculation" report, be clear on that. It looks like (in a quick glance) to be more of a "technical analysis" discussing the areas potential. Which is a very large land package. The OSC letter discusses its approval of that report and another seems to be their approval of the financial prospectus. Raising I think $5,000,000 at $.40 per share plus a flow-through package. The other thing I noticed was an Ontario property was being added to the Nitinat fold. I think this is all very early bluesky stuff and will take time to read. I'll add my two bits later unless anyone else has some comments. Whaler? In the meantime let's not lose sight of what's happening on our Langmuir/Shaw Dome property.
Best,