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)

Free
Message: Re: Wake me at $20.00! zzzzzzzzzzzzzzzzz crazydik
8
Dec 27, 2007 02:08PM
10
Dec 27, 2007 02:18PM
5
Dec 27, 2007 02:44PM
2
Dec 27, 2007 02:49PM
2
Dec 27, 2007 03:03PM
1
Dec 27, 2007 03:06PM
4
Dec 27, 2007 03:32PM
3
Dec 27, 2007 03:32PM
2
Dec 27, 2007 03:37PM
4
Dec 27, 2007 04:41PM
2
Dec 27, 2007 04:54PM
12
Dec 27, 2007 05:11PM
5
Dec 27, 2007 05:16PM
7
Dec 27, 2007 07:21PM
4
Dec 27, 2007 07:27PM
3
Dec 28, 2007 01:17AM
40
Dec 28, 2007 09:35AM
2
lor
Dec 28, 2007 09:48AM
2
Dec 28, 2007 09:49AM
5
Dec 28, 2007 09:58AM
13
Dec 28, 2007 10:46AM
2
Dec 28, 2007 10:56AM
3
Dec 28, 2007 11:05AM
3
Dec 28, 2007 11:16AM

Some time back, someone posted a map of Sudbury's richest nickel area (Rockaur? - forgive me for not remembering) delineating the deposits from an aerial point of view.  Along with that map was an explanation that Noront's Double Eagle was similar in so many ways to some of the initial finds along that area of Sudbury as to confirm the airborne electromagnetic anomalies being found at McFaulds (Ring of Fire) as similarly patterned to what was at Sudbury.  The piece also mentioned that what eventually developed at Sudbury was (correct me if I misquote) 1500 million tonnes of nickel ore.  NOT has indicated reserves of approximately 7 million tonnes of nickel ore (of higher grade) on one of many anomalies, and this particular anomaly extends for quite a ways beyond what has been drilled, and, as mentioned in other press releases, is only one of numerous anomalies.  The Ph.D. geology professor NOT hired to analyze what's been drilled said that these types of ore bodies do not typically occur in isolation.  It has also been noted that the Ring of Fire is substantially bigger than the Sudbury "ring" (I'm not going to debate 'meteoric impact' vs. 'volcanic').  If you add up all the information, particularly taking into account the 1500 million tonnes of ore at Sudbury, and the larger 'ring' at McFaulds, and then be asked to "place your bet" -- the smart money has got to be on McFaulds being worth at least as much as Sudbury.  That being the case, a $20 price right now or 6 months from now might seem good, but to the patient that wait for drill results, the expectation has to be much higher.  Also, remember that NOT holds the dominant land position in this southwest area of the Ring of Fire, having proved up the richest ore to date, and the southwest area of Sudbury also holds the richest ore bodies of the Sudbury ring (i.e., holding the most and the highest grades of nickel).  So, 7 million tonnes of indicated (not "proven" according to bankable feasibiity 43-101 standards) nickel ore -- with an ore body that, according the electromagnetic signature continues considerably farther (and with many other similar electromagnetic anomolies in the region) -- and what does a betting person have to conclude?  We are sitting on something, as drill results will prove over time, that is worth considerably more than $20 per share at the current 125 million outstanding shares.  Bottom line, pick up some "pocket change" at $20 per share, but if you sell all, you'll be kicking yourself and severely disappointed 6 months or a year afteward.

2
Dec 29, 2007 05:53PM
1
Dec 30, 2007 05:56AM
Share
New Message
Please login to post a reply