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: Re: Why the tears??!!! Mustangman
47
Sep 10, 2008 07:00PM
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Sep 10, 2008 07:11PM

I hear you on that Knowwhat1. I'm sure a lot of us keep that in the back of our minds. A weak link is always vulnerable where there is little hope for the company to sustain itself.

I for one don't see anything like that happening because our management team has kept ahead of the market by keeping our debt at 0, nil, zip. Until that changes I feel little or no concern over any type of hostile takeover. I feel that any type of hostile bid will only get our management team more psyhed to go out and prove up our reserves in an expeditious manner, rather than run into the big boys mouse trap.

We have seasoned veterans representing the company and its investors. These guys have seen and experienced a lot in this type of business. Harvey knows how Noranda went about taking over smaller companies. He was likely a big cog in that action. He will also be able to advise as to how to avoid having that done as well. RN will want to sell out at some time or another, but I'm sure he's thinking much, much higher than 2 or 3 dollars. I'd be multiplying that by 10 or 20 and the time it takes to get that price will only be told by the state of the market, the availability of funds and the quality of drill results that will be forthcoming. Until then I'm holding with no worries. I trust I am NOT the only one doing so.

All the best...

MM

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Sep 11, 2008 03:22AM
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Sep 11, 2008 05:26AM
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Sep 11, 2008 07:34AM
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Oct 09, 2008 08:00AM
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