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: Re: Comrades
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May 24, 2008 07:56AM
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May 24, 2008 09:24AM

Franz, for the record, I have you listed as a 5 star. You are very astute at the game of investing and I respect you for it. I may dig up the issue regarding JD as I do not remember the exact nature there but I was the one who reported that the drill had been moved to E2. This fact is both a positive (E2 needs 2 drills to define) and a negative AT3 does not have easily identifiable markers of economic viability aka pendlandite crystal. The thought is that although copper and magnetite have been found, by themselves may not be economical. However, PGEs are not visible and may be present there. We need the results of the assays to tell us wether AT3 is worth pursuing. The management is not taking any chances. In the absence of assays, they are going where they know economic value can be assessed visually. Once assays come in, we will know what AT3 has and we will make a decision on drilling it further at that time. So although moving the drill to E2 is a for sure positive sign, moving the drill away from AT3 is not necessarily a bad sign. It is a negative that Pendlantite was not visually apparent but that does not rule out AT3 as an economic deposit at this time.

As for Paul Bestofgoodbuys post, he said: some of Not's biggest champions have sold. That is blatant, negative manipulation. I am the only one that has openly admitted to selling, I explained why and have repurchased my full position after the run up in MTX. So although we need a balance approached in discussing companies, outright lies to create an element of fear must be reported. This is not to eliminate fair discussion of topics that may be negative but to protect shareholders and would be shareholders from ugly manipulation. Now Paul's post was rightfully removed from Agoracom but to those who had a chance to read it, it was blatant bashing and that is why I reported that post.

I am sorry Franz if you feel my spin of posts is too optimistic even after 10 weeks of decline but I believe in this company. I keep doing DD and report everything I find and so far, besides the market reaction to the delays, I have not seen anything material to change my opinion of this company.

Warmest regards and long on NOT as usual,

Glorieux

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