Re: hmmmmmmmm

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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Cylinder

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Re: hmmmmmmmm

posted on Sep 10, 2008 01:48PM

The only effect I can see from FNC not hitting yet is the same effect found when Probe managed to miss at MFL West:

The market remains fixated on 10M tons of Ni/CU ore for an economically viable mine. The market is too dumb to sort out that there will be enough Chromium to mine by itself, and extract the nickel/copper on the way to getting it.

The market may have been counting on FNC and Probe to add to the tonnage. The market is a herd, and they are running away from anything speculative at this point. For some reason, $2Billion in known metals in situ is speculative because we don't currently have heavy equipment on site pulling it up. Their loss, and the same for anyone who sells at this point.

I convinced myself to borrow from a line of credit and pickup enough shares at $1.70-1.80 today to almost double my position. I thoroughly expect to make a handsome gain on this trade by the AGM.