My view, for what its worth.
posted on
May 27, 2008 10:58PM
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)
Im relatively new to investing but have learned a lot in the past few months since I've been involved with NOT. Not the least of which is that by and large most investors are VERY impatient. "I want everything and I want it now." is the quote that comes to mind. It must be a personality type that goes along with high risk investment. Instant gratification. Well, its unfortunate, but its not going to happen here.
I don't think this is as negative a release as some are saying and I think as Longs we have to look beyond the numbers and trust in RN and co. I think all of the Longs will agree that one of the reasons they bought into NOT is because of the management team that they believe in. Has anything changed with regard to that sentiment? I don't think so. Do you think that management team would continue to drill 40 or so holes into DE2 if they thought Chromium was a waste of time? I don't think so. I'm no geologist or mining executive so I will let the team that I believe in decide what they think is the best course of action. Would RN have liked to see another DE1? You bet. Do you think he was expecting it? I doubt it.
In my view, anything that will add value to the area is a good thing. We will be drilling the FWR JV anomoly soon and that may be the one that sends us straight up. DE2 will be an added bonus that will increase the value of the entire area play. Its a long way to Mcfaulds lake and the more mineralization the better the chance of getting our road. I just don't think this release is as negative as people are saying. This is only negative if you expected every single anomoly in the area to be chock full of Nickle and I don't think anyone honestly expected that. The way I figure it, at least the anomolies that arent DE1 quality are still valuable and it only shows that the area is highly mineralized. With that much mineralization you would not expect only one little bubble in the middle of it all to contain nickle. It had to come from somewhere. But I'm no geologist, so I'll leave that up to someone who knows better than I.
FYI - Webequie is still covered in ice. Most if not all of the snow is gone from the bush and the ice should be out in the next week or two. Not sure about Mcfaulds lake, but I'll see what I can find out.
There is also a truck in Pickle Lake delivering drill rod and core boxes. Didn't see if it also had a drill, but it says to me that things are starting to move again up here and we can look forward to much more drilling in the near future.
Oh, and Big Chief is a racist pr#%k and should be banned on that basis alone. Rain dances and fire water and talking like a three year old. Give me a break.