Re: why wait?

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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summit1

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Re: why wait?

in response to

why wait?

roadrunner08

posted on Sep 04, 2008 01:12PM

roadrunner -

Who is to say that a lot of this negotiating is not happening right now? I would bet money that there are some pretty heavy deals being considered over the last few weeks. Your thoughts of getting in at bargain prices are certainly going to be considered by anyone that is interested in buying. They would only be prudent with their respective companies money though to wait until the markets stop their slide and turn for the better. If you could put yourself in their shoes (as a purchaser) it may be easier to understand.

If you were a buyer just look at the money you could have saved by waiting for the bottom. This market will turn and it will very likely be swift and may go quite far before resting. IMHO I believe that we will have a SP value much closer to 100 than 2.60 within the next 12 months.