Re: Trading vs Long hold considerations
posted on
Feb 02, 2008 07:08AM
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)
Any your decision to hold long for the exciting months to come isn't going to be argued about by me. What I put up for discussion was meant for those either looking to lighten up in the short term to take some money off the table or just maybe to take advantage of buying panic which does usually correct itself.
BMK is the only player I know of other than Noront with drills turning, the rest are want to be's and a ways off. FNC is further behind others and seemingly a target for jv etc.
Having a target where you'd be uncomfortable not taking a profit isn't such a bad idea. Of course it's a guess and a gamble because Noront will, if they hit right, be much higher in a few months that any initial run up and consequent run down. Depends how much money you have invested and your personal targets.