"When the man comes around" by Cash wallace
posted on
Jun 14, 2008 09:02PM
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)
"There's a man going around taking names
and he decides who to free and who to blame
Everybody won't be treated all the same
There will be a golden ladder reaching down
When the man comes around"
(Translation: Nemis is going around negotiating properties... Nemis decides who Noront deals with, and who we don't. Freewest and Probe won't be treated all the same, when the man (Nemis, not a new CEO) comes around.... shift gears,,,, At Windfall there is a golden ramp reaching down... nemis, novak and the gold will be found.)
"Here the trumpets here the pipers
One hundred million angels singing.
And the wirl wind, is in the thorn tree
the virgins are all trimming there wings
The wise men will bow down before the thrown
and at his feet they'll cast his golden crown"
(Translation: D12, Canseco, QQ, johndefur, you should listen to
miskelp, rosedale, helium, hhg225 stratopod....same with these guys....
there are thorns among us... listen to donnyp to find them out.
Sprott, Pinetree, Lassonde, Mcewan, Vale will bow down before king Richard... and throw there money ... and more money before this is done.)
OK, enough fun with Cash.
On the topic of Nemis. He is our man... he will lead us to a major. End of story.
He has hired some top notch people... they will help complete the puzzle.
This area is as virgin territority as it gets in mining... hence the continued staking. Nemis will own the ring... and so will we. I acknowledge, I own a few others in the ring. But I stay steadfast to good advice, dance with the one who brought you.... I am sure it is Noront.
A few observations: we are going to spend considerably more then I thought we would while looking for the nickel and chrome. Glad we have the JV's to help find the valuable rock.
I also assume there is more money to be raised... let's hope the share price is way up before Christmas. Let's be honest... this project needs a $100 million kick in from a major. Lets hope it's for $10 plus a share. I'm fine with that.
Aside from our excellent land package, I suspect more deals similar to FWR and the WSR deal where we are spending money on other lands. Why not cherry pick the targets we want.... nice to see they can be so many KM's from DE1.... however, lets face it, FNC and PRB land hold targets... I am sure there are plenty more.
That said, PRB and FNC management, if you are sitting on duds/lemon anomoly's, like a few of NOTs were... you will wish you had hedged your bet and partnered.
I hope you are acting in the best interest of FNC and PRB shareholders because I hope you can see there will be plenty of misses if you are looking for Nickel and Voisey. Management, if you are rolling the dice, is it in the best interest of company building and shareholder value???..... I own both PRB and FNC, they are gambles... no doubt.
I hope my PRB and FNC scratch ticket pays off. PRB and FNC management, there is no guarantee your land has anything and partnering with the leader had better still be top of mind.... if NOT will take you.
end rant about the nonsense specifically going on with PRB.
The way NOT and the stocks in the ring trade, they will test all of our patience. I can tell you, the more they test you, the more the likely the upside is.
There are too many targets and I eventually there are will be many incredible discovery's.
Focusing back on the massive nickel sulphide find. We need confirmation of a second find, which will set us off. The implication of the announcement of DE2 has landed was we have high grade nickel... it has not yet come to pass... However, at some point, I believe we will find it, .... when we get our second find of 100 plus meters of 2% plus nickel, the sky is the limit. I hope we get it from Eagle 2 at depth... either way, in time I believe we'll find the nickel.
In the meantime, we have the Chromitite. We have ridiculously thick layers of chromitite, which is worthwhile. At some level I believe we will find the thinner layers, and I suspect they will hold a mountain of platinum and palladium.... and, perhaps the thinner layers will stretch for miles, specifically 7-11 miles, and will make up an outstading chromite/platinum find.
God willing, we are sitting on something similar to the great finds of South Africa, or better. We'll wait for NOT to state that.
Talk about a nice runner up prize for our Nickel.... chrome and platinum.
Guess what, summer is here and drilling is about to heat up.
not financial advise, due your own dd
regards
cwallace