Great work Giants, also, great work to you Herb,

sum4all... diamondfields discovered a world class find... and you are willing to say things are different... this time, and bring up subprime etc. subprime is an issue- fairpoint...

sum4all, If DE is wolrd class, I assure you, this will be more ridiculous then Voisey Bay.... think of the commodity bull market we are in... think nickel, platinum, gold, etc... things are different now indeed. Oh, I forgot China and India, that's a fair amount of consumption for our nickel.... or that we are about to move from 5 massive base metals companies to 3.... goodnight for Xstrata and RioTinto... hello CVRD and BHP. These comanies, CVRD and BHP are not stupid... they will buy out the others because they know this boom is for real.

I am sure the day will come where people, companies, etc will trade in there investment in subprime, including US government debt, and hold precious metals and commodity companies. That will be a bullish day for all commodity companies, including NOT.

Now, how do we value DE1??
Come on that isn't the question... we are valueing DE2-5... that's what the stock market does, it discounts. Trying to value this thing at 4 or $5, that's foolish and it assumes no growth? ...Is there only one DE,... I will discount there will be many...

If you are only trying to value DE1... you might as well be trading this stock... take your gains from 4.25 to 4.50 and move on. The real money is in DE2..... etc.

My question, how do we attribute a PE of 40 for some companies and a PE or 6 or 7 for base metal companies... or for that matter 10% value of rock in the ground? Is there no growth in our DE1 project? I suspect there is.... so do most here. Is there a DE2, 3, 4, 5, 5, 7, you get my point.

We have pentlandite... see norilsk and VB for details... the pentlandite is the size of a fingernail, that is not common and it is worthwhile... do your own dd on pentlandite.... it will be a bonanza for NOT shareholders.

I can acknowledge NOT shares can be traded... trading is not investing in my opinion... nothing against trading, I've done it and I search for opportunities to do it. When I trade, I look for something as close as I can to an arbitrage strategy.... however, there is no free ride with NOT... you are either in or out when the halt comes.

I don't expect the market to fully understand the implications of DE2.... come on, it's been hard enough making the point on this board.

I suspect DE2 will present an oppurtnity of some kind. That said, I also suspect it will be at a much higher price then today.

not financial advise, do your own dd

regards

cwallace