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: Fer Cryin' Out Loud.....A Little Patience Folks

Re: Fer Cryin' Out Loud.....A Little Patience Folks

posted on Jul 31, 2008 07:50AM

I agree that many of us need a lot more patience. (Myself probably more than most as I am in over the $6 range.)

It is a bit confusing to hear everyone planning on selling to a major after hearing RN declare that NOT will operate their own mine.

If the company is able to finance a mining operation, (which it has been pointed out a while ago should be possible), it would seem to make sense to realize the full value of the property rather than trying to sell for 10% to 30% of the in ground value of the ore body.

I havn't seen any figures that would give us a SP value if NOT goes ahead with the mining option but believe that it would be much higher than selling out for the lower percentage.

Without a doubt the NOT management team will have all the figures to do the math and also the depth and experience to make the decisions to carry out any plans that they select.

It would be interesting to see the company take on a partner with more experience in the mining end of things, but not have to give away so much of what they have discovered.

If they were to set up a mill and have a processing operation, it would likely be able to cover all the operational costs with third party work for other juniors in the area who are almost certain to come up with significant discoveries as well.

Just thoughts while waiting for a more favourable market....

S.

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