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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Message: Re: question/donypee
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HSS
Dec 24, 2007 11:10PM
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Dec 25, 2007 07:08AM
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Dec 25, 2007 12:16PM
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Dec 25, 2007 12:32PM
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Dec 25, 2007 02:10PM

"MUG and FWR are jv'd right next door. 100 metres and what did it get them? Or more imprtantly what did it det the share holders? Nothing. Both MUG snd FWR gave the land to NOT for a fee. We will see the effects of that fee when Windfall is in production.

Now I know its difficult to pass up on a good looking area play but I must give this piece of advice:

The plays jv'd with NOT as well as the soon to be's are the ones to be holding your money for. Right now we have 2 plays that have no volume and are going cheap."

Some good points and your warning noted.  However, these area plays are gambling primarily on nickel with the added bonus of other pm's not gold.  We know that the nickel finds usually run in pods and those plays staking land are mostly acquiring land with similar anomaly signatures to NOT.  As you know it has also been postulated that this find runs for kilometers.  There is (almost) no question that there will be significant finds on many other properties if this play is to achieve the mining status everyone assumes (hopes) it will.  Well everyone walk away with a prize ..... likely not, but the odds are that the major stakers will find value for their effort.

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Dec 25, 2007 03:13PM
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