Kaiser and Coffin on NOT's chrome...
posted on
Oct 03, 2008 01:24PM
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)
warning...this is not a positive post...I'm passing on (with permission) what an aquaintance experienced 2 weeks ago at a resourse conference in St John's NFLD. I think it is responsible to post the good and the bad, after all, it's our hard earned $ we are playing with here, and everyone should know also before reading this that I hold 35K shares NOT, so this is not bashing.
She asked David Coffin about Chromite in general surfacing recently...He said it wasn't going to make a comeback and that supply and demand was already being met ???...She again posed the chromite question to the full panel(Kaiser, Coffin, Paul Van Eeden & Brent Cook) were it was shrugged off by all of them, with the comment being Africa and Finland were keeping up with demand and a Chromite hit in Canada wouldn't mean much...then Kaiser asked if she had NOT in mind with her question, (obviously!) to which He replied that they would really have to be a large amount of it and didn't think NOT's Chromite would be a big deal...
So, if these supposed "big wigs" have this seemingly worthless opinion about NOT's Chromite discoveries to date it's no wonder our shareprice has suffered...It's gonna take more nickel and/or platinum and/or Windfall gold to right our shareprice...I don't understand why, but the market doesn't give a rats a$$ about our Chromite discoveries to date and respected guys like Kaiser are not doing us any favors.
I dont care if I'm red thumbed for this...I think everyone needs to be aware of the risk here if we dont hit more nickel...that being said, I do believe we'll hit more nickel, it's almost impossible for the high % nickel at eagle 1 to be here just all by itself...I'm not selling..."keep on drillin' in the free world"
Shakey