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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disappointing

posted on Feb 04, 2008 11:08AM

I thought they said they had lots of cash

I thought they were doing infill drilling so that they could provide a NI 43-101 before doing a PP

I would have thought they would have done some step outs or drilled into another anomoly before doing a PP

I would have thought they would have done a PP at a premium

I would have thought when they did a PP there would be such demand they would not have to spice it up with warrants

I would have thought a company that supposedly has so much to offer would not have diluted the shares of loyal shareholders in favour of some unknown investores

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