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: OT - Re: Pinetree Valuation...
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Aug 05, 2008 11:40AM
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Aug 05, 2008 12:40PM

Probably should take this discussion of Pinetree to the off topic board but couldn't resist replying as it was the subject of todays Dines TDL report. A reader raised the question of "Why is PNP such a great buy" and Dines editor went on to say that they owned a substantial position and the reason it was down so low was because of a recent dilutive "rights offering" to raise more capital to buy underpriced commodity shares. Pinetree was forecasting future growth in underpriced natural resource companies. Pinetree functions as a closed-end mutual fund invested in the natural resources area - precious metals, base metals, oil & gas, uranium and molybdenum. It was interesting that the Dines editor attributes a recent iincrease in their % base metal holdings to "their big winners in Noront and WSR!" In the interest of full disclosure I own some PNP as well as NOT and WSR among others in the ROF.

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Aug 05, 2008 02:25PM
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