beyond windfall et al
posted on
Jun 27, 2008 02:12PM
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'm starting to think that the market ( as it stands at present) is discounting windffall. Lets face it when was the last time this market ever saw 54ozt gold in any asssay never mind the visible ore in the ramp. Based on these results we should be sitting close to $10 never mind McFauds .
Those of you who read my posts know I'm presently in Europe , I've talked to my European brokers and to them NOT is an unknown. Does that surprise you? surprised the hell out of me. When I explain to them what we have and they then do the research they are extremeley interested. Does that translate into any recommendations to their European clients who knows. The only conclusion I can arrive at is wtf has IBK and JPM been doing!!This story should be out in Europe, Asia, the whole fng world. does this sound like frustration you bet it is. If you take a comparison between Gold fields and Not IMHO it comes down to the salesman.
The major difference between Freidman and Richard is that Freidman knew sweet you know what about mining but he was a supreme salesman. Maybe thats what's missing with NOT. We have mucho technical advisors, some of the most respected geologists in the world and in Richard a great Captain, but the missing link could be the "uber" salesman, someone who can get out there and sell the product. Lets face it , eventually we are going to be bought out by a major but the difference between $20 an $30 or whatever could be the sales pitch. We all know the importance of selling the product , after all thats what NOT is paying big bucks to IBK to do for them. However if this is the best they can do I sure as hell would be asking a whole whack of questions at their next performance review.
Having been involved with the legal system for many years, probably longer than some of you have been around I can appreciate that Richard has to be careful about what he says, but , you know sometimes you have to take a stand and tell the legal beagles to take a back seat. We didn't move from 14 cents to $7 by taking legal advice. IMHO we did it because we had (1) a product ,(2) great assay results, (3) one of the greatest ni /cu discoveries in North American history, and (4) Richard was so excited he got the message out.
Have you noticed that since they hired IBK and JPM the stock has been stagnant!
All I'd like to know is what happened to the old Richard ? the guy who really got us all wired and turned on to NOT.
Am I becoming disilusioned , not in the least , am I becoming frustrated you bet I am, as I am sure Richard must be. IMHO it's time for Richard to take total control of the situation, shake the tree and put IBK on notice that their results to date ae unacceptable. If this is the best they can do for us , given the results to date , then we are facing an uphill battle with whatever major is out there,.In order or us to get a fair and reasonable return when it comes time to cut the deal, we need a tiger in the corner and not a pussycat. Lets face it given what we've seen so far, the majors would have us for breakfast.
If Richard does read these posts lets send him a message, that we as shareholders are not satisfied with the results to date of IBK and that we need someone working for us that can tell the NOT story with zeal and confidence and capture for us the shareholder return that we are entitled to. Yes , I said entitled to anyone who would argue with that needs to re-assess why they bought in.
it's late in Europe and past my bedtime so GLTA and have a good weekend
Joe
ps for those who critique grammar, english etc my apologies, but as long as the message gets out wo really gives a you know about grammar.