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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I am somewhat puzzled as well by the market's reaction. I would have expected $6 at a minimum for today. The only new thought I can suggest is that is that when I read the news release I found it difficult to understand the import because it was so very technical in nature. Thanks to some of the contributors on this board I was able to have a better idea of its significance. I suspect the market will also need some time to understand this.

 

I would also expect that when Dr. Mungall's report is released then the market will have a better idea of the huge significance of this find, and will react accordingly.

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