Re: Wednesday Evening Observations
in response to
by
posted on
Oct 10, 2007 06:57PM
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)
I don't believe that it will take a total definition of what is there to create positive movement in the SP. All it will take is a "wow" factor coupled with the knowledge that there is more coming. The fact that it could, as someone posted, take a couple of years to define what is there does not mittigate the commercial value that will be validated as we progress from this point. That it could take two years or so is a very good sign as this would be an indication, at the rate we are drilling, as to the wealth of ore that may be there to bring this to a world class mine. We take a risk entering during the early stages of a discovery but the larger interests take an even greater risk not getting involved when they see a project sizing up like this one.
Caution is good and anyone with a valid point on caution should be heard. In the end you will stay or leave based on your evaluation of the results being presented, coupled with the commentaries from R.N. on down..... with a very large dose of gut feeling. My gut and my evaluation of what we are finding leaves me with a very strong sense that I'm in the right place at the right time. It's about time.