Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: You Gys are Amazing

Oct 03, 2008 03:41AM

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Oct 04, 2008 01:41PM

Traps ... I pull up a chair sometimes. It has been my first time going through everything. I have just been scared. I never stopped believing and have averaged down even at $0.19. Fear in me shows up as paranoia. As far as reserves go - it is a very exciting property. Thing in we have been going through a building cycle. We have had delays and the market has not been kind. Stuff happens. This summer has been a real awakening that everything is topsy turvey. I heard a really neat quote in a movie today. The star (who portrays an Admiral ) says when asked why he changed his mind says "You don't change your mind you just change the direction you are going." Exploration went on back burners and all energy went towards McWatters. You change the price of Ni and suddenly the ore between McWatters and Galata becomes interesting. Hart - they have explored one area but their are two more spots with nearly identical VTEM results within 1 km of our HART deposit. Groves will give us some diversification, McAra they will shortly have the lease for. Now on McAra there is a pretty well defined vein of Cobalt and this year we should see some results from the Ray Township property. They have all the claims between the two properties, lease has been applied for and we should hear about shortly, only a bridge needs to be built and that can only be done between July and Sep. Groves is the same situation. I don't know about the lease there but a bridge needs to be built there. I have not sold my shares for a long time. A few thousand but not much and have bought more back cheaper. As to Ni prices - I don't think they will stay down here but right now no one knows. We will muscle through. Maybe not quite as originally planned.

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