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: Damage Control

Re: Damage Control

in response to by
posted on May 03, 2008 07:38AM

Well said, CMP. This NR was carefully drafted, and no doubt subjected to several rounds of review and revision by both SGS and NOT representatives. Rather than imply a lawsuit, if anything, this NR tells me SGS and NOT have "buried the hatchet" on this issue, and will move on with life and business.

As to what it tells us about the assay results, I don't know if it says much, but to a layman, it does sound like whatever results they got, they were low. That could mean they were "awful" and now will be merely "disappointing" or it could mean they were "very good" and now will be "outstanding," or anything in between.

As Babjak pointed out much earlier, the significant share price move Thursday could be an indicator. Given what SPQ's share price did Friday (nothing), I doubt Thursday's NOT move was in anticipation of the SPQ news, so.... And the late drop in price Friday was not accompanied with significant volume, so that would be a very weak indicator.

Another very minor clue, was when the QC person informed SGS that something was wrong on April 7, the NOT stock price was pretty stable during the few days around that date. Now I have no idea of the protocol in terms of assay results being sent from the lab to the QC, do they inform the company, too, or not. But assuming a few people got a look at the results of those assays before anyone knew they were erroneous, it seems that the SP might have reacted negatively if those results were toward the "awful" end of the spectrum.

I remain cautiously optimistic - but this is the most fun I can remember having while being cautious!

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