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: OVERSOLD ! imo

OVERSOLD ! imo

posted on Sep 08, 2008 04:18PM

Reading a lot of the posts lately, and knowing the type of assets in terms of deposits that NOT has, sends a clear message that we are OVERSOLD imo. I was listening to Larry Berman this morning on BNN, and he said that (and these are not his exact words) 'historically, we're oversold, and about to turn. What we know from historical Bear Markets in the US is that 20%-25% is the range (I assume he's talking about the overall index drop), and that we could fall another 10%' but he doubts it because 'that would be extreme in Bear Markets'. He thinks we're in the process of making a Market Bottom but says that it is still a very different mrkt environment. Personally, I would agree, and think that with today's (approximately) 14% drop in the SP for NOT, we are now in oversold territory. I'm looking for a bounce tomorrow, and hoping for a PR which is if I might say "OVERDUE"

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Sep 08, 2008 04:49PM
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Sep 08, 2008 05:01PM
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