Re: Blue Sky Value

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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Francis Dube

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Re: Blue Sky Value

in response to

Re: Blue Sky Value

CMP

posted on Apr 07, 2008 11:01AM

My point was that FNC currently is all blue sky. At that valuation, 66M, if you say our blue sky is similar, than our blue sky would be worth only 0.50 because of shares out. I think our blue sky should be worth much more. Much more land, more properties ie windfall but also everything else including gold in China which RN is still excited about...so the blue sky valuation on NOT right now is not enough. Again just repeating that we are undervalued.

For Snezzer, I would not be too concerned trying to save a dime or 2 right now for shares. the downside is minimal now as we are undervalued. But waiting to long could be very costly. Good luck.