Re: How remarks come back to haunt
in response to
by
posted on
Apr 07, 2008 08:17AM
Discuss the various junior resource companies within the McFaulds Lake Area
sag4tag..too funny. I don't own a single share of FNC, yet I do own some NOT. I won't be buying any FNC either until they do announce a drill date. FYI
I hope NOT comes up with 50 million tonnes of $800 a tonne ore. But the reality of the situation is NOT is currently trading at $5.30 and this tells me somewhere in the 3 to 5 million tonne range with upside from DE2 and other anomolies. Anyone here think that if NOT has 7 million tonnes of high grade ore that the share price would be at $5.30?
Anyone thinks that I want NOT to fail is dealing in fairy tales. Nothing would please me more than to see NOT come up with over 7 million tonnes from DE1. But every once in awhile we have to do a reality check. Some of the pie in the sky valuations that various posters put on share price of NOT does more harm than good.
By the way, I think NOT is a good buy at todays share prices, with a stop loss just under $5
Al