Re: When did the PP become a "done deal"? ...Abbibun
in response to
by
posted on
Feb 06, 2008 10:08AM
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)
"Management will complete the DE1 43-101 and give us a solid value, I'm hoping in the range of our current PP. This should give us a solid bottom, so that if we do not discover anything for a couple of months, our price should hover in and around this range. We now have the money to keep looking for a very long time!!!!!"
I remember hearing someone (perhaps a Sprott dude) on BNN in the Fall of 2007 respond to a question with regards to NOT and saying that he felt at that time that NOT with the Double Eagle was worth $4.00 (without a 43-101). Now I haven't heard what Embry and Tardiff have said about NOT in the last while, so take it for what it's worth.
BTW, QQ's comment about hundreds of targets, didn't Novak correct Mike White at a recent IBK presentation when Mike said "hundreds", Novak said "thousands". Ah ... what's a couple hundred, here or there!!! Just puck a check mark beside $$$$$.
Snug