Re: PRB drills FNC...
in response to
by
posted on
Mar 05, 2008 08:24AM
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)
JD,
Thanks for the post. The information is the same as I heard before except that the hole was referred to as DD-1 which I assume is DDH-1 on the Probe/Canstar -- FNC map. If the two holes are the same the hole, it was collared about 200 meters south of what FNC is calling their FNC1-4 anomoly. It was also drilled in a SSE direction towards an anomoly labelled '1' . If that is accurate then the FNC anomolies FNC1-3 and 1-4 have not been drilled nor anything close.
Now whether a stock is worth ~$3 based on its proximity is debatable. They are either going to win big or fizzle. Personally I don't like companies that don't spend their dollars in the ground. Time and drilling will tell if the FNC holders made the right decision.
... Been There