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: A point of Clarification...
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Sep 20, 2008 11:00PM
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Sep 21, 2008 07:35AM

Re: A point of Clarification...

posted on Sep 21, 2008 08:11AM

It is likely that had we known or suspected that E1 was going to turn out to be under 5 million tonnes we'd have taken the $7 for a lot of our shares. By the time of the 43-101 the smaller size was already more than priced into the market and none of us were or are interested in offered bids.

Hindsight on what to do is so easy a justification and so worthless. Fact is that most of us still feel holding onto all our shares instead of taking the sub $4 on offer at time of 43-101 was a wise decision given the facts on the table about value and chromium hit.

Now we sit with share price having been driven down still further yet not only do we have good indications of more nickel (maybe even a bigger equivalent to E1) and a lot more than 'wink, wink, nod, nod' indications of world class chromium deposits MOSTLY on Noront claims.

The above is more than enough justification to buy every single extra share now while we still can at below value pricing. Give us a few months and then it will be great to ponder upon 'Hindsight'.

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