Re: Trading vs Long hold considerations
in response to
by
posted on
Feb 02, 2008 07:20AM
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)
Not going to argue with you either because yes it is possible but look at the odds, at this time. Even with a hit or two on another anomality and good visuals there is no way Noront will run to $20.
I'm looking at Noront value next week not in 3 to 6 months time and see a potential trading opportunity. Consider the wacky and nail bitting run down from $7 high. The $7 was not seen as realistic by the market after a bit of cooling off. Same thing could happen with a run to $10, cool off to $8? Run to $12 and back off? Of course it's purely speculation but some forum members do trade at least part of their holdings. Some also dug deep to buy a lot more Noront on the resent sell off and might now want to lighten up or have to.
There is no buy out speculation figure built into the stock price by the market at this time, maybe after resource calculations released it might start. Value in the ground will double upon proving a DE 2 but one or two holes without assays don't prove another DE 1. May happen but that's still a risk the market will assess wheither that risk is 50/50 or 10/90 is up to each investor to assess.
Mining experiance says that there are many more misses than hits in establishing economic mineral resources. Yes it's a huge area but only a limited number of economic ore bodies will be found, some perhaps huge, some small. Again each of us have to figure out the odds and place our bets. Less risk less gain and less pain if the guess is wrong. As guesswork is removed the gain becomes less and less.