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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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seawind

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posted on Apr 02, 2008 04:11AM

I cannot claim sole credit for this thought since several posters have already intimated as much, but I suspect that Mr. Nemis is planning the next NR to be so full of good news that it will be difficult or impossible for bashers & shorters to keep the price down.

We know, from d12's conversation with him, that the warrant holders may not exercise if the price is below $6. We also know that he is likely tired, as are we, of the sp being driven down after a good news release (think of the price before Eagle Two (<$5), shortly after ($7+), and now ($5.34). And we also know that Noront has drilled a large number of holes since the last NR. (Based on previous holes, I am ballparking two holes/drill/week - though this can be either higher or lower depending operational conditions. This would give us +/- 20 holes since the February 25th NR.) And we know they have a high hit ratio - judging by the speed with which Eagle Two was found.