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: Put through the rwinger!

Put through the rwinger!

posted on Apr 01, 2008 09:30PM

Well, I think there's about a 25 to 1 ratio of posts, anti-rwringer, with only rwinger representing his cause.

My guess is the reality in how the share price reacts to whatever news there is, lies somewhere in between what most here think and what rwinger might think. And that in-between point is surely not in the same ratio as the above.

I don't know how this NR stuff might play out, timing-wise, but if it's just one NR that is being contemplated between now and April 10, and the idea is to get the stock to about $6 in order to entice the warrant holders to exercise (I have posted that those warrant holders surely would not exercise if the price were too near $5 - there's that two month trading restriction), then I say the NR comes around April 8 or 9. If the sole NR were to hit this Thursday, depending on how it strikes the market (as opposed to how it strikes posters or RN, for that matter), it could well send the stock north of $6, only to fall back by the exercise deadline - which, of course, all warrant holders will wait for before deciding. This market has all of a sudden turned very treacherous for commodities, so any initial euphoria from an NR could be short-lived.

Naturally, any NR this week could be followed up by more and better next week.

I've seen this kind of mania on boards too often, all I can say, is there are no sure things in this milieu, and there is no assurance that a really good NR will get us above $6 or keep us there for long if we do get there. I certainly will agree, though, that a very good NR is more likely to move this one up significantly than with other stocks I've seen - the reason - this stock has already shown on a few occasions it can and will move strongly up on good news.

The stock has shown a lot of strength in this currently awful market, but stop to think, some of that just could be a reflection of anticipation of another fine NR.\

As for d12's "interview" with RN, that's a great job. I agree, at this point in RN's life, the money is likely secondary. My hope is, seeking the glory and notoriety of an historic strike, that RN can himself remain objective. I couldn't (and wouldn't) blame him at all if he couldn't, however. The man is an overnight mining celebrity, and I'm thankful for his efforts in bringing us all where we are now, including the blue sky which is tantalizingly within reach.

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