ricter...return on sideplays...

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

shakey

Rank: Vice President [?]

Points: 6963 [?]

Votes: 222 Score: 3.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

ricter...return on sideplays...

in response to

Re: Conversation with Mr. Nemis _mike97

ricter

posted on Mar 26, 2008 03:26AM

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.