Loaded the boat...still need the paddles
in response to
by
posted on
Oct 11, 2007 01:47PM
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)
Have been invested with Noront for 10+ years and always felt RN would eventually put it all together. NOT was undervalued even before the dramatic rescent news but I'm a bit nervous that current stock price has a buck or so of speculation built in. It will be months before anyone can put a real number on value.
Hard to argue it's over priced when the upside is potentially so much higher than the downside. $10 range by end of 2008 isn't complete nonsense. Hey I've taken some long awaited profit at the $3.90 range but holding on to 75,000 which aren't going anywhere under $5 and even at price they all won't be going up. It's not greed but common sense, a good few investors that are well into the money are going to be hanging on for the fun to come.