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: Price prediction

If the warrants are not exercised, the most likely meaning is that the warrant holders did not think a $.30 discount was enough to cushion against the risk of holding the resultant shares through the restrictive period.

Some may have exercised, although I can't imagine more than a quarter of them would, given the circumstances.  While we might not find out by tomorrow, we should know by early next week.

 

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