I wrote this last night, before Hole #18 results were released:

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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mattusvi

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I wrote this last night, before Hole #18 results were released:

posted on Jan 03, 2008 03:32PM

Cutsheal:

I agree 100%. Hole #18 is fully priced into the SP. As per normal for NOT, the share price will drop as soon as the (great) news is out.

My guess is that there will be no serious upward movement (as in $5.00 +) until there is some evidece of significant tonnage. I am in full agreement with Mining Junkie when it come to the valuation of NOT. THE TAPE DOES NOT LIE.

Best regards for the New Year, and BTW, long on NOT for over 5 years.

<<<<TIME TO RETHINK THE VALUATIONS GUYS >>>>

McFaulds will be sideways to down until results start to pour in in March and April.