I think many of us here feel that we are NOT properly valued. There has been much discussion on In-Situe Value, Value for DE, Value for Windfall, value for the remainder of assets for Noront, value for pie in the sky especially with the large land holdings in the McFauld's area, splitting up the company to get proper valuation... When you add all this up, many of us think we should be a fair amount higher... but we are NOT and that has bothered me for a long time. Yes like many others I blame manipulators, MM accumulating at low ball prices etc... I have never doubted our company but it did nag at me as to why we are so low on our valuation and continue to be so. Well the Epilogue of the Big Score has some info on that too:

From the Big Score page 315: By 1996, Canada's penny stock mining market, whose epicentre, the Vancouver Stock Exchange was once dismissed by Forbes magazine as the "Scam Capital of the World," was the hottest investment game on the globe. It was a market driven by greed and fear: greed for Diamond Fields-Style profits and fear of missing the next great bonanza. Sophisticated investors from Canada, the US, Asia and Europe abandoned reason and poured billions of dollars into fledgling mining plays on questionable properties.

Now with that in mind, a company called Cartaway Resources reported that visual inspection of drill cores from 70 km from VB suggested rich copper and Nickel deposit and saw it's stock go from $4.20 to $26 in one week. Well the assays wore a bust and it turned into one of the worst mining plays ever. Well that was until Bre-x of course. This was the worst mining fraud ever, causing the TSE as it was known at the time to crash twice in 1 day. Many smaller versions of these stories were rampant. With such stories, the New York Times wrote: Canada produces more stock frauds, at least per capita, than any other country.

From the Big Score page 321: The speculative bubble had burst. There would be no more money for mining exploration stocks.

So this is what I believe we are up against. These stories are 10 years old but they are probably very well remembered by those who lost money. So until we get over the speculation hurdle and get majors interested, we may not see our rightful valuation. Our pie in the sky may never be valuated properly. However, as we prove up tonnage and the word does spread that this story is real, we will get our time. It is just longer than some of us thought. So do not despair. Hold on tight to your shares and let our drills do the talking. At one point they will be screaming so loud that the markets will have to listen!

Warmest regards to all,

Glorieux