Re: Trading vs Long hold considerations
in response to
by
posted on
Feb 02, 2008 07:57AM
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)
The problem is that none of those other VMS strikes yet look economic. Sure there are lots of anomalities but how many actually contain economic mineralization? BMK seems the closest to proving up a lower grade ore body that might be economic. Lots of targets are just that, targets.
This is why Noront is so valuable and far ahead of the pack. They actually do have an economic ore body. The odds of them finding somewhat similar mineralization near their existing DE 1 is an order of magnitude better than anyone else. Again I have to qualify this by saying AT THIS TIME.
I try and live in the real world most of the time with my feet on the ground so discount some of the 'Blue Sky' promoted for a large portion of the 'Ring of Fire' exploration targets. Somebody else will likely find something good but Noront already has and that's where my money is placed. FNC for a smaller portion strickly because of their position next to DE 1.
The likelyhood of Noront going to $100 is far far smaller than the likelyhood of their going to $20 and I'm more than happy with $20. Well maybe $25. That's not likely for a good few months and in the meantime I'm not adverse to taking some money off the table during a panic buy situation. Others will want to just hold and wait. Often just sitting on your hands and doing nothing can pay off better than getting ansy.