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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Message: Warren T. Exersizer

Warren T. Exersizer

posted on Mar 29, 2008 07:41AM

Milsy, excellent viewpoint on the warrants for April 10th. But the first scenario, NOT the 2nd one, respectfully, IMO only of course

Personally, if I'm spending a ton of cash every day for exploration & drilling costs, plus payroll & camp expenses on at least three DE locations and Windfall, not to mention other properties, I'd take the cash, very happily. The daily burn rate has risen, from the last calculations done on this forum.

It's still in the shareholder's interest, if the SP rises to a level where the warrants would be exercised. So, hoping that the SP goes the other way, for the benefit of the shareholders, is less attractive to me.

And we are still 9 trading days away from the deadline, up to and including the 10th. Plenty of time for a little news, to drive up the SP.

But I'm not naive enough to think that there isn't a possibility, that this is all part of a bigger plan, to help the big six investors that did the PP.

Just my sickly saturday statement......

strato-FLU

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