Re: I just spoke with Richard

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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donypee

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Re: I just spoke with Richard

in response to

Re: I just spoke with Richard

naimarantz

posted on Nov 27, 2007 08:28AM

naimarantz

IMHO it was just a number that everyone is tossing around. Now think about this for a minute. Richard gets asked a number of questions. Some he can answer and some he can't. Right so far?

What is he was asked how much we have in the ground and other questions that would be improper for him to tell. Insider trading. But what if after the questions Nemis would have said 30 bucks or 50 bucks. Would that not possibly be construed as inside info? Besides, in times like this one should be conservative. He'd rather be wrong because the sell was for fifty than be wrong because its less than 10. So 10 bucks is a sure thing. Thats what I take from the wording of that call.