in the mean time, misfits recap is 100% acurate, ok maybe only 99.9%
rECAP of VIDEO
Posted by: MISFIT1 on September 19, 2007 03:25PM
OMG,
If you have a chance, watch this video. You will not sell a single share.
Highlights:
- Nemis: looks like 20-30% cal... in hole 5 from the outside. That hole is 65 M.
- trying to get 2nd drill on property. - tons of geophysics going on to establish size and shape. Lots of people on site. -8 helicopters staking claims (other juniors + Noront) - maps out there are "out of date" - basin looks to be 100KM across - Crown land - NOT has both surface and mineral rights. - Hole one was reason for the halt - Security commission recommended site pictures - working close with Native groups. Meetings with 2 chiefs. Taking them to hockey game. Chiefs are excited to get their people working. - working closely with securities commission to word everything right. Nemis said "he is the first one to open his big mouth if he could". Is much more careful today. - 35 M in bank once warrants are taken out. - No financing coming up. Not needed at this point. - Retained IBK Capital on a two year contract to be financial advisors. - "Story is just beginning - this could be enormous" - Size of area out shortly - problem getting drillers
IBK then spoke:
- Voisey Bay had a 300M market cap after first couple of holes. - The 8th hole changed the world. 104 metres of high grade nickel and copper. - Inco bought them out for 4.2 B. Inco was worth 5.7B at the time. IBK brokered deal. - Voisey Bay did not even have development permit at the time it was sold. That was issued 4 years later. - Nickel at the time was $4/lb. Copper was $1.31. Today Nickel at $12 and copper at $3.35. - Large company just bought Inco for 20B. $8.8B of that was voisey bay assets with today's metal pricing. " equates to $78 dollars a share when looking at Noront 110M outstanding shares." - "this is a very rare find. So close to surface and high grades". These opportuntities to get in on the ground floor is rare. -"Worst case scenario - $1 a share." - "for those who say they missed it, this is just the start." "$4 given that they have 84 vertical metres of "massive" (TSX allowed this term) sulphides will bring world attention.
Misfit1 adds:
Anybody who sold today will be regretting this for the rest of their lives. This is the REAL DEAL.
I encourage all to watch the 45 minute video in its entirety.
M1.
|