Distraction

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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From_Sudbury

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Distraction

in response to

A slightly OT observation

quackaphobe

posted on May 14, 2008 02:42PM

Seems to me all we got today was yet another distraction....it's now going on two weeks since the LAB came out with their news release which implied the results were to be delivered to NOT on that date (May 2).....since then we get what?......some infill drilling results from DE1....now we get this JV arrangement with FWR....why are they holding back on the drill results? What are they waiting on?

I tend to believe there are some negociations going on behind the scenes.....and to come out with the drill results now, will somehow interfere with their leverage in the negociations....

Whatever it is, something is going on behind the scenes.....some today have touched on a possible JV arrangement with FNC...that is plausible...perhaps other arrangements with others as well.....some today have also touched on a major taking a 10% stake.....could that have something to do with the holdup?.....that seems plausible as well.

For about 5 weeks now, I can't help but think...this week for sure.....now it's looking again like.....maybe next week....next week for sure.