hole #5 was bettter grade - POLYL:ABLE
in response to
by
posted on
Oct 12, 2007 03:22PM
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)
Thank you for the kind agreement. We are investors and not married to this company so stars have no business in our eyes. If, as is likely, Noront can prove up 5 million tons then there could be a valuation of $20 per share. However that's going to take time and a lot of drill holes. One or two excellent assay results aren't going to change the fact that resource calculations have to be done to establish some kind of market value.
So we're all in for a wild speculative ride until some numbers are proven. If someone is willing to pay me $7 or $8 for unproven resources I'm afraid I'll take his money and wait until it sinks in that he's overpaid, the stock value drops and I can (if I want) buy back in. That's investing, making a choice and acting on it.
Let's stand a bit back from the lovey dovey stuff, it's a junior mining company and not your best friend.