the waiting game
posted on
May 13, 2008 03:33PM
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)
I've been busy over the past few weeks with some other ventures to post but I have been reading the odd night and keeping up with whats been happening with NOT. When you read the informative posts of JD, DP, QQ and others you have got to appreciate the quality of the posts and the inegrity and ethics with which these folks write their information. If you're interested in negative and misleading information re NOT. then read the posts on the other board. You should read the other board anway and do your own DD there was a great call on the other board that made some folks a ton of $$ by AC on GXS, I only regret not having had the time to take advantage of it, but I digress.
Like others on the board I would have thought that by now we would have been sitting at between 10 and 15 , the last assay results were great, 6.88% Nickel, 5% copper ++ and all we could muster was a drop in the SP and today we're still under $5. It is becoming very clear that the market is only interested in the following, proving the tonnage, and proving the expansion of the body. The market has determined that until this happens we are going to be sitting at a range of between 4.50 and 6. This is frustrating to all NOT shareholders and must be totally fustrating to RN and NN. After all there is absolutely no recognition in the SP, by the market. of the fantastic gold find at windfall.
No question that we are in the "eye of the hurricane" it's all happening around us but we're sitting very quiet. We have to be patient and play the waiting game. I realise that some folks are paying the interest on the money they borrowed to buy in but you need to know that if you can afford to hang in you will get it all back in spades.
All I can add is that it is my opinion that RN and his team are as frustrated as we are. They are working as diligently as they can to prove to the world that this is one of the major ore finds. We as shareholders and dare I say supporters, owe it to them to let them do their job. If we stay with them they will IMHO make us very rich .
This has been a very very long day for someone who is supposedly retired!! and I owe it to my body to soak in a nice hot bath and sip a very large Macallan, mixed with a drop of spring water.
Good luck to all of you and thank you for taking the time to read my rambling.
Joe