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: Fair value????

Okay finally caught up on my reading.  Wow nice recovery and good to see a climb for a change on news that only puts us one step closer to proving what most of us longs have believed all along.

 Here I think is a way of putting our value in perspective.  Let us assume at the end of all this excitement all that is ever proven was NOT had 1 million tons of ore valued at minimum $800/ton.  That means NOT would have a pay cheque of $800,000,000 sitting in the ground not very deep..  That is like finding a gold resource of 1 million ounces.  Now any body that has followed any juniors would realise lots of gold mines where put into production with a lot less gold.  When NEMIS says they will be selling and not working this this mine, he is suggesting because the resource is so big it is beyond a task he and his company is willing to take on. 

 But again, lets assume only 1 million tons of ore at $800/ton. Now even if we went for the highest cost of mining this resource that has been suggest by some doubters on this forum of say $500 million (and I believe this is way over board) NOT would be able to pocket likely a minimum  of $300 million dollars.  Boy could they ever do a lot of drilling and developement in their other projects. 

So people lets not worry about the value unless you are day trading and you want NOT's stock price to vary largely over a short period of time to make quick profits on the trend. 

For all us longs there is a HUGE profit to be made by holding to the end.

 

Keep the Faith

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