ricter...return on sideplays...
in response to
by
posted on
Mar 26, 2008 03:26AM
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)
I believe you are correct ricter that when(if) NOT hits again(#3, and it could be today) the close proximity sideplays will follow on spec and blow away 4.5% per year as you say.
I believe the most important decision to then make is WHEN DO I UNLOAD MY SIDEPLAYS? Take a look at FNC. I have held 5K shares since Nov 07, and if I played it correct I could have doubled my shares by selling low and rebuying high...but I havn't, mainly because I believe they have the goods and also the fees my broker charge would wipe out the profit(more on that later)
another note on sideplays...correct me if I'm wrong , but wasn't Nemis just next door to Voisy Bay, but came up empty? For the record, I'm 60% NOT and 40% combined BMK,FNC,FWR,SPQ,and UC.
Shakey